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Jeff Panec's Advice

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  • 3 Contributions
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Jeff Panec wrote:

What does your credit score need to be to apply for home mortgage loan? Approval seems harder now.

Answer
Some lender will go down to 620 but the price will be adjusted. 640 and better is really where you want to be. This will get you a reasonable interest rate. This is just a starting point. There is more that goes into a loan such as debt to income and loan to value. Please feel free to contact me for any questions that you have.
November 28 2011
(0)

Who is the best person to help me find down payment assistance? The lender or the real estate agent?

Answer
As a lender I may know of different programs and the qualifications for them. If you have a realtor and a lender that can work together we would be able to find you a house and program that would work for your situation. Feel free to contact me thru here if you have any other questions for a lender.
November 17 2011
(0)

I'm looking to buy our first home and my wife is on disability. Is there any special programs for us

Answer
Both Cheryl and Rita have some good advice. Depending on the degree of the disability there may be programs or at least a way to lower your taxes. Some of it will depend on where you are looking to purchase. Speak to a lender also to see what programs are in place.
November 17 2011
(0)