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You want to get a loan to buy some property in your area this property has a very large income coming in enough to pay off the loan in a year but you have bad credit would you be able to get the loan?
Nickbang7
Probably not, unless you find a specialized lender who will keep the loan in their portfolio (thereby allowing them to ignore the underwriting requirements of the secondary market) and you either have excellent compensating factors or a well qualified co-borrower who will be the primary. In today's credit market, obtaining financing with poor credit is very very difficult if not impossible. You may know you would never default on this debt, but the banks don't know this and your credit profile suggests otherwise.
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∙ 14y ago
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If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.
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Can a person on ss be a cosigner?
Yes, it's income but need good credit & enough to qualify.
Do you have to pay taxes on property in Thailand as well as paying taxes on the same property in England?
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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.
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Is a credit score of 697 good enough to get a mortgage?
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Yes. You must not purchase items on credit if you can't afford to pay for them.
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When was Income Property created?
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If one recently was disabled and is on Medicare can they get a credit card now?
According to the Equal Opportunity Credit Act, your disability will not stop you from getting a credit card. If you have stopped working as a result, however, the lack of enough income may prevent you from getting a credit card. If you have verifiable income from other sources (e.g., investments, alimony, etc.), you may incorporate that income into the total and may qualify for the card.
