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hi I have income is 54700$ my credit score 680 how much loan I can approved

by moverx110 from Reisterstown, Maryland. Mar 29th 2014 Reply


Just depends on your debt load. I can pre qualify you this morning. Just contact me via my profile and you will have purchasing power by noon.

Mar 29th 2014
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Ron Schwartz (RonSchwartz)
#69 ranked lender in Maryland - 63 contributions

There is more to determining your eligibility than just your income and your credit score Moverx110.My best suggestion is to spend some time with a loan officer. There should be no charge for this consultation. The first consultation will show you what factors and other debts impact your affordability. Down Payment, other debts, the type of property, loan type, and payments for taxes and several other things really make it important to meet with a qualified mortgage professional (and yes, I am one...but not the only one). I would also recommend that you take homebuyers education to become more familiar with the key factors in lending such as your debt-to-income ratio.Here's a site for free homebuyer's education that I can recommend.www.MgicHome.comHappy to help...Reisterstown is within my territory too. Thanks - Ron

Mar 29th 2014
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Be prepared understanding your options is very important part of the process, in determining your purchase power. Call me or email to get Approved. Based on what you listed you are likley to be around $250,000. Brian ballen@monarchmortgage.com or 240-750-8315.

Mar 29th 2014
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

You need to have the lender that you choose check your credit and see what your debt load is comparative to your income. Also the loan amount will depend on the type of property that you decide to purchase. If it is a condo, you may have association dues that will have to be used in qualifying you for a mortgage.

Mar 29th 2014
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

It depends on your other debts and the property you are purchasing. email me for further assistance

Mar 29th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

That will depend on what other minimum payments you show on your credit report. I would contact a local loan officer and have them review your credit with you so you can get an accurate amount. Best to do this prior to looking anyways. Best wishes, Sean

Mar 29th 2014
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Calvanaugh Hoskins (HardMoneyCal)
#72 ranked lender in Maryland - 12 contributions

$250,000 to $300,000 depending on your other debt obligations.Calvanaugh Hoskins 443 660 9903.

Mar 30th 2014
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Calvanaugh Hoskins (HardMoneyCal)
#72 ranked lender in Maryland - 12 contributions

Call Calvanaugh Hoskins 443 660 9903.

Mar 30th 2014
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Edward Fallon (edfallon)
#89 ranked lender in Pennsylvania - 143 contributions

It depends on your other debt, taxes on the new property, homeowners insurance, mortgage insurance, and association fees. Could be anywhere from $200,000 to $300,000.

Mar 31st 2014
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