Possibly, but their are still debt to income guidelines that need to be met.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!
Possibly.. It depends on other compensating factors.. Once you apply, your complete file is run through an automated underwriting system (AUS).. if your debt to income is too high, but you have exceptional credit, or limited debt, or large cash reserves, the AUS could come back with an approval, then you would be ok.. without knowing all the details, it's hard to just say yes or no.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
It just depends on whether your income meets requirements to qualify for the new mortgage along with your other debts - definitely worth checking into!
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