Quote:
Originally Posted by comeplay
Maybe your credit union just doesn't want to cover 3 loans from you.. Try applying for what you owe on both cars + the budget you want to spend on your home. Then go in with the most you can do for a down payment and use your two cars as collateral.
|
They told me they have no problem. they can see my balances and know how much I make, but they are certain the MI company will turn it down because of the higher DTI rate.
Shitty thing is they said two years ago, they wouldn't of even worried about giving me a mortgage, but after these MI companies did research, they found the people who were not paying their bills are the ones with a DTI between 45% and 60%
I'm not stressing about it, but I was trying to get this in before the $8k tax credit expired. We've been looking for a while and the tax credit would be nice for some upgrades
