I have decent credit scores (680-725)
income 40,000 yr/3333 mnth
about 20,000 in the bank
debts of 5,300 for the automobile (115 the month)
small credit label debts (40 the month)
6 months during my job, though formerly in college, we am right away operative in my margin of study, as well as we graduated magna cum laude from my college.
my stream debt to income is 4.95%
If we can get the loan we wish (around 850 the month) the debt/income will be about 29-30% (including mortgage, taxes, insurance, as well as alternative debts listed above)
What else competence be deliberate when we go to request for the mortgage….does anybody see any areas where we should improve?
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1 comment so far ↓
The only other aspect you might think about it how much you’re planning on putting down. With those credit scores and DTI. If you put 20% down you’ll get probably one of the best rates out there