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Tom Burris's Advice

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  • 387 Contributions
  • 11 Best Answers
  • 49 Helpful

Tom Burris wrote:

Mortgage approval excellent credit low income

Answer
You cannot purchase a $100,000 home with that incomeNeed to work on partner's income
8 hours ago
(0)

Please Help!! Major Derogatory Before Closing on mortgage

Answer
justin nailed itask your loan officer.
1 day ago
(0)

Can I get approved for a VA Home loan with a sub 620 credit score and a few small collection debts?

Answer
Yes, there are lenders that will go to 620 on a va purchase. Collections do not have to be paid.Feel free to contact me thru my profile for any follow up questions
6 days ago
(0)

Hi I am looking for lenders that work with lower scores

Answer
What are the 3 scores?
August 22
(0)

legitimate credit repair ti buy a house

Best Answer
Doc Compton. He merged his credit repair company with an attorney office...Prevost & Shaff.This gives them legitimacy and a lot of teeth to fight creditors.prevostandshaff dot com
August 22
(1)

Why are my closing costs so high???

Answer
HiSend the fee sheet to me and call me. I can look up live rates and explain every fee in detail.No sales pitch....
August 20
(0)

Credit Card Debt and Pre Approval

Answer
I recommend maintaining a 3 - 5% balance on the cards. This will maximize score more than $0 balances.find out when they report to the bureaus(just call each card) and pay early so the correct balance reports.Please feel free to contact me thru my profile here if you have follow up questions.
August 19
(2)

One spouse has a credit score in the 600's and the other mid 700's can they qualify for a home loan?

Answer
Yes. But that is just the short answer.Where in the 600s is the one spouse?  Over 620 gives options. But we can help you all the way down to 600I can be reached thru my profile here if you need to ask follow up questions.
August 17
(0)

Need lender that accepts credit score 604?

Answer
We start at 600The 600+ program requires the borrower to have some cash reserves, but other than that it is the same FHA program with great rates.You can contact me thru my profile here.
August 13
(0)

What's the best way I can prepare to apply for a mortgage loan in 1 1/2 years?

Answer
Starting a new job in your degree field will not be a problem. Will be considered stable..As for pre-applying, any loan officer can do that for you with or without pulling credit if you have all of your debt payments. This way we can calculate debt ratios.Personally, if debt ratios are fine I prefer to see cash in the bank instead of you aggressively paying down debt.
August 06
(0)