VENUS D asked:


Ok I just found out that I might have to get a loan for my school which I don’t want to do for the rest of my school year which I want to get me a home. Now I spoke to realtor which told me to get my house first then once I get in I can get all the student loans I want. But then i talk to my student advisor and he mention that I am getting a student for my education which is a good point. But what I want to know is if I get a student loan would it hurt me my chance to get a mortgage loan in the long run.

Lewis

FromTheTop asked:


Right now, my mortgage is in my name only. My loan is for about 74k. I work as an insurance agent, and am doing pretty well for a rookie. I am on my way to making about 50k this year in my first year. The home I am wanting to buy is about 145k. What are the chances I will qualify? What can I do to help qualify? I have no credit cards. I owe 10k on a jeep, and about 15k in school loans, and about 5k in other miscellaneous loans. My wife makes about 12-15k a year.

PATRICK

Truth asked:


Presuming the couple has no kids, earn a combined 80,000, and only has bills like school loans, car insurance, and daily living expenses of about $600/monthly.

You don’t have to factor in this information. You can state what you want based on what you believe is an ideal mortgage payment. Just need a clue. We would like a brand new home ideally between $170-250k.

Please share any info. you may have.

Thanks

ALBERT