Zillow Advice RSS: Question-Discussion-Guide,Approval Process,RI http://www.zillow.com/advice/RI/mortgage-approval-process/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Mortgage for Expat returning back to the US http://www.zillow.com/advice-thread/Mortgage-for-Expat-returning-back-to-the-US/529418/ I have lived in China the past 7 years, i didnt work for several years, but just started working again about 15 months ago for a US company. &nbsp;I have an income of 70-80,000/year with no other debt, but i am wondering how this will show up for mortgage underwriting as I take the foreign earned income exclusion. &nbsp;Basically I am not taxed on the first 95,000 because i am out of the country most of the year. &nbsp;My schedule C shows 70,000+ in income, but under other income on my 1040, it will show a loss for this exclusion, leaving my total income under 10,000. &nbsp;What would the underwriters work of off. &nbsp;I am considered self employed as I am a 1099misc (non employee) contractor for sourcing. &nbsp;I have high 700 ficos and will put down 10-20% and looking to purchase something around 400,000<br \><br \>2 replies Fri, 21 Feb 2014 23:07:00 GMT http://www.zillow.com/advice-thread/Mortgage-for-Expat-returning-back-to-the-US/529418/ 2014-02-21T23:07:00Z second time home buyer no money down would we be able to get a loan? http://www.zillow.com/advice-thread/second-time-home-buyer-no-money-down-would-we-be-able-to-get-a-loan/460632/ Contact a license mortgage orginator who will run your credit and be able to direct you based on your income and credit report. What state are your in?<br \><br \>0 replies Thu, 20 Sep 2012 12:04:00 GMT http://www.zillow.com/advice-thread/second-time-home-buyer-no-money-down-would-we-be-able-to-get-a-loan/460632/ 2012-09-20T12:04:00Z Will getting a mortgage be harder since I already own a duplex? http://www.zillow.com/advice-thread/Will-getting-a-mortgage-be-harder-since-I-already-own-a-duplex/505154/ I purchased a duplex in 2006 and have lived in one side of it ever since and have always had a tenant on the other side. &nbsp;I would now like to rent out both sides and get a single family home. &nbsp;Due to the deflation on the homes in the area, I only have about 5% equity in the current property and would only be able to put down 5-10% on the new home. &nbsp;Will the process be significantly different than if I was applying for my first mortgage and are there any other issues I should be aware of?<br/><br/>Thanks,<br/>Aaron<br \><br \>3 replies Sun, 04 Aug 2013 12:13:00 GMT http://www.zillow.com/advice-thread/Will-getting-a-mortgage-be-harder-since-I-already-own-a-duplex/505154/ 2013-08-04T12:13:00Z I have good credit, he has bad credit- Can we get a mortgage nowadays? http://www.zillow.com/advice-thread/I-have-good-credit-he-has-bad-credit-Can-we-get-a-mortgage-nowadays/364128/ My fiance and I are thinking of purchasing our first home (in Rhode Island). We both have steady jobs and a small down payment as well as saved emergency funds. We've taken a first time homebuyers class and are now beginning to look around to see what's out there in our price range. <br/><br/>The one troublesome/confusing area for us is credit.&nbsp; I have good credit, he has not-so-good credit. I'd be all for putting the loan in my name, but I'm worried that lenders won't count his income if we use only my credit score. Is this true? How do lenders handle the rather common good credit/bad credit couple?&nbsp; I'm worried if they refuse to count his income we will only be able to afford a three sided shed out here, haha. <br/><br/>If it helps, I make 46k and he makes 45k...so we're over 90k together.&nbsp; I'd like to be able to purchase a home in the 180's range but worry that I won't be approved for a loan of that size if I do it myself. Does this make sense?&nbsp; Thank you so much in advance for any advice/experiences you can offer!!<br \><br \>13 replies Sat, 28 Aug 2010 14:21:00 GMT http://www.zillow.com/advice-thread/I-have-good-credit-he-has-bad-credit-Can-we-get-a-mortgage-nowadays/364128/ 2010-08-28T14:21:00Z Will a previous gap in employment hurt our mortgage qualification? http://www.zillow.com/advice-thread/Will-a-previous-gap-in-employment-hurt-our-mortgage-qualification/455237/ <p style="text-align: right;">With 3 kids, my husband and I have outgrown our tiny home and would like to purchase a larger home in a nicer area/school district. Our current home is underwater, so we would like to rent it out until we can at least break even on its sale. We talked to a reputable lender, who said that we'd likely qualify for a second mortgage given our income level and high credit scores (over 800). However, after 10 steady years of work, my husband was unemployed for half of 2010 due to the recession (he's a union electrician). Now he's back to work and worked all of 2011, and has worked all of this year. Will his gap in unemployment hurt our chances of getting a mortgage?</p><div class="clearfix"><br/></div><br \><br \>4 replies Sun, 12 Aug 2012 23:47:00 GMT http://www.zillow.com/advice-thread/Will-a-previous-gap-in-employment-hurt-our-mortgage-qualification/455237/ 2012-08-12T23:47:00Z First time home buyer looking for some help http://www.zillow.com/advice-thread/First-time-home-buyer-looking-for-some-help/523294/ <p>Hi,<br/><br/>There are alot of great financing options available and your first step would be to consult with a reputable mortgage professional before beginning you home search with a Realtor.&nbsp; Therefore, you and your realtor will know exactly what you can affford and this will make for a smooth home buying process. If you would like a recommendation for a great mortgage professional in the Warwick area, please feel free to contact me.&nbsp; Then we can get out there and find you and your husband the home of your dreams.&nbsp; I look forward to hearing from you.<br/><br/>Cheers,<br/>Al Pratte<br/>Broker/Owner<br/>Market Properties</p><br \><br \>0 replies Fri, 04 Apr 2014 14:46:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-looking-for-some-help/523294/ 2014-04-04T14:46:00Z