Profile picture for Leslie Raymond

Leslie Raymond's Advice

Contributions are sorted newest to oldest.

  • 232 Contributions
  • 3 Best Answers
  • 22 Helpful

Leslie Raymond wrote:

I'm 74 and Retired, is that too old to get a mortgage?

Answer
Your credit score and age should be fine to get a mortgage. You need to contact a local lender to make sure you qualify. Your score is just one part of the pre-approval process.
4 days ago
(0)

online approve or see a banker?

Answer
If I were getting pre-approved for a loan I would visit a local lender.
August 11
(0)

HOW MANY TIMES SHOULD A LENDER PULL MY CREDIT SCORE DURING THE MORTGAGE PROCESS START TO CLOSING?

Answer
Our credit reports are good for 120 days. A soft pull is done two days before closing to make sure you have no new debt, This should not affect your credit score.
July 30
(0)

when is my first mortgage payment due?

Answer
October 1.
July 25
(0)

Can I get a mortgage for investment properties with no down payment?

Answer
All our lenders for investments properties require 20% down. Also to use the current rent to off set the mortgage payment you would need a two year history as a land lord. 
July 17
(0)

What options do I have when my student loan makes my debt to income ratio too high?

Answer
Are all you student loans consolidated? Most lenders follow the same rules when it comes to student debt.
July 12
(0)

My realtor refuses to begin look with a dollar amount pre-approval...

Answer
When I do a pre-approval it always has the amount that you can qualify for. Once you find a property and want to make an offer, it can be changed to your offer price. I am not sure what the disclosure form is, but I agree with the realtor for the amount approved.  
July 05
(1)

How are spouses FICO scores averaged?

Answer
To answer your first question your fico score would not matter because you need to be employed to be on the mortgage. However that is a great score!Most lenders use the lowest middle score if you have two borrowers. Most borrowers use a co-borrower if they can't qualify on their own with their current debt ratio. While your husbands score is very good our lenders use a 740 score to get the best rate.Good Luck!  
July 05
(0)

Can I get a mortgage being self-employed?

Answer
With our lenders they require two years of self employment to use your income. Maybe a local bank which take your mortgage. 
June 30
(0)