Zillow Advice RSS: Question-Discussion-Guide,Approval Process,DC http://www.zillow.com/advice/DC/mortgage-approval-process/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Lowering my debt ratio http://www.zillow.com/advice-thread/Lowering-my-debt-ratio/399104/ I'm trying to buy a house. I don't make a lot of money, however I have a sizeable down payment. The problem is my car&nbsp;payment is too high and increases my income/debt ratio (it is my only debt). A lower payment will allow me to qualify for a higher mortgage loan. <u>Would refinancing&nbsp;my car loan&nbsp;to get a lower monthy&nbsp;payment cause&nbsp;problems for me when I try to&nbsp;qualify for a mortgage loan?</u><br \><br \>3 replies Mon, 16 May 2011 01:17:00 GMT http://www.zillow.com/advice-thread/Lowering-my-debt-ratio/399104/ 2011-05-16T01:17:00Z Switching jobs and expanding career field before applying for mortgage http://www.zillow.com/advice-thread/Switching-jobs-and-expanding-career-field-before-applying-for-mortgage/499859/ <div class="comment-body rich-content clearfix">Can anyone expand on the "same line of work" concept. I am a service tech at The Home Depot, repairing small engines, electric hand tools and rental equipment. I would be starting a job with the water company performing repairs on water and sewer lines and water systems. The wage is almost double. would this cause a problem for me as I apply for a loan?<br/><div class="thread-meta clearfix"><br/></div></div><br \><br \>3 replies Mon, 01 Jul 2013 16:49:00 GMT http://www.zillow.com/advice-thread/Switching-jobs-and-expanding-career-field-before-applying-for-mortgage/499859/ 2013-07-01T16:49:00Z DC mortgage ~Husband's credit score is over 800 but wife's is 690. Should husband apply solo? http://www.zillow.com/advice-thread/DC-mortgage-Husband%27s-credit-score-is-over-800-but-wife%27s-is-690-Should-husband-apply-solo/293428/ Buying house, 30 yr fixed rate <a href="http://www.zillow.com/mortgage/">mortgage</a>, paying 20% down, total <a href="http://www.zillow.com/mortgage/">loan</a> amount $550,000. Married couple, joint tax filers, husband's gross annual income /credit score &nbsp; $140,000./810 wife's income/credit score $70,000/690.<br/>Should they apply jointly or should husband apply solo? For <a href="http://www.zillow.com/Mortgage_Rates/">best rate</a> and quick approval?&nbsp; Any other pros or cons?<br \><br \>6 replies Sun, 01 Nov 2009 23:47:00 GMT http://www.zillow.com/advice-thread/DC-mortgage-Husband%27s-credit-score-is-over-800-but-wife%27s-is-690-Should-husband-apply-solo/293428/ 2009-11-01T23:47:00Z Does income ratio appy for co signers too? http://www.zillow.com/advice-thread/Does-income-ratio-appy-for-co-signers-too/379562/ My fiance and I are trying to purchase our first home together.&nbsp; He already has a home which we will keep as an investment.&nbsp; This will be my first home.&nbsp; This mortgage will be under my name so we can keep rates low and still qualify for first time credits.&nbsp; Townhomes in this area start at about 450k and we have about 10% for down payment.&nbsp; With both our incomes combined we would normally have no problem being approved for a loan this size (monthly $14k).&nbsp; However, my concern is that my income ratio will not meet the requirements for a loan.&nbsp; I have no debt and a credit score of 700.&nbsp; I can bump up my income with a secondary job- which was is an addition $400 a month, however- this is not claimed on my tax returns.&nbsp; If it is helpful, I can claim it on my taxes for this year.&nbsp; What are my options?<br \><br \>7 replies Tue, 04 Jan 2011 19:39:00 GMT http://www.zillow.com/advice-thread/Does-income-ratio-appy-for-co-signers-too/379562/ 2011-01-04T19:39:00Z FHA underwriting documentation requirements http://www.zillow.com/advice-thread/FHA-underwriting-documentation-requirements/414226/ The underwriter is nervous about your wife's income and wants to deny the loan. No one that is a small consultancy has audited books. The question becomes do you qualify for the mortgage on your income? If so speak to the manager about changing your application to leave out your wife's income.<br \><br \>0 replies Thu, 08 Sep 2011 23:37:00 GMT http://www.zillow.com/advice-thread/FHA-underwriting-documentation-requirements/414226/ 2011-09-08T23:37:00Z