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ey guys I appreciate all the feed back . I am new here and I just learn so much from all your replies. I will take all those good point but now after reading all this
Clearly the high debt to income ratio raised some eyebrows around here...the main thing that I noticed was that you evidently have $60k+ saved, but your credit score is only 719. 719 isn't a bad score by any stretch, but for someone who has been able to save $60k on a $44k income I would have expected a 800+ credit score....just my observation.
I'm comfortably borrowing $200k with around your income. Just watch out for property tax.
Clearly the high debt to income ratio raised some eyebrows around here...the main thing that I noticed was that you evidently have $60k+ saved, but your credit score is only 719. 719 isn't a bad score by any stretch, but for someone who has been able to save $60k on a $44k income I would have expected a 800+ credit score....just my observation.
I was able to save that much because I was making more in my previous job and I am not married nor do I have kids. The low credit score was due to some late payment and dispute about some bills that wasn't resolved in my favor.
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Hello all. I just applied for a Mortgage loan with Wells Fargo bank as am planning to buy a house in late December or early January. I will be putting 20% down on a house that is 300k. My question to all you is this If I don't like the term of the loan am hoping to get 4.25% rate based on 719 credit score if its possible. If I go to another lender to get a better rate will that effect my credit. Also is it possible to get 4.25 based on my credit, I make $ 44.000 a year income and am sinlge.
#housing