Find a rent to buy or one where the owner will carry the paper or a co signer.
Good credit and adequate income.
If one were interested in getting approved for a second mortgage loan they would need to have assets, a good credit rating and a consistent income. Some banks may require more.
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
it means you should be eligible for a mortgage loan of up to but not limited to 100K as long as your monthly income is in good standing.
If that debt is reporting on your credit, then it would affect your debt to income ratio, meaning the amount of debt you can carry. If that mortgage, even if it is good standing, shows a debt against you, you might not have enough income to cover both loans.
Good credit and adequate income.
I have a good income but poor credit.
If one were interested in getting approved for a second mortgage loan they would need to have assets, a good credit rating and a consistent income. Some banks may require more.
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
it means you should be eligible for a mortgage loan of up to but not limited to 100K as long as your monthly income is in good standing.
A stated income mortgage loan is a loan where a borriwer is not required to verify there income. These loans were very popular and common before the recent mortgage crisis.
If that debt is reporting on your credit, then it would affect your debt to income ratio, meaning the amount of debt you can carry. If that mortgage, even if it is good standing, shows a debt against you, you might not have enough income to cover both loans.
Pretty good if your credit score is high enough. You possibly could qualify for a "Stated Income" loan. On investment property for a stated income loan you normally would have to have a 10% down payment. You can get into a mortgage loan with a lesser down payment going this route, but, you'll definitely be paying for it in your interest rate.
Generally, FHA credit score requirement is 620-640, and 660 for a conventional loan, so yes. The rest depends on your income, debt to income ratio, and down payment.
In order to refinance a mortgage in Spain, a consumer must have the proper documentation and be the same as when the mortgage was originally applied for. The documentation would include passports, documentation of income and have a good credit rating.
Sure, as long as your resulting monthly payment and downpayment are within the lending instiutitions acceptable guidelines for "loan to value" and "debt to income" ratios and your credit rating is good, you can qualify for any type of new loan, including a mortgage.
It would depend on things such as the loan size and type, the credit rating of the applicant, and also any assets the applicant may use to guarantee the loan. If the applicant has a good enough asset base to use to guarantee a loan then there would not be a necessary income level for a Chase mortgage.