LOAN

Hello! The answer to this will depend on a variety of specifics regarding the loan you have. Having a loan of any type does not in and of itself disqualify you from a mortgage. Hoever, depending on what it is and wht the rest of your situation is, it may limit your options. I am always happy to assist whether I work on your financing or not; So if you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss or get advice on anything at all with me. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson

without knowing all the details, it's hard for anyone to say.. but one thing I know for sure is that no lender will defer payments on a new loan for 11 months.. the most would be just under 60 days.. and if your other loan is a mortgage, then even though you wont have a mortgage payment, you will still be responsible for property taxes, insurance, home owners association due's, etc.. so those costs will be added as reoccurring bills and would affect your debt to income ratio... if you want to know exactly what you might qualify for, you would need to contact a mortgage professional and let him look at your complete scenario.. 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

In order to start a 2nd loan, you need to be able to qualify for it and your other loan. Without additional information, it is impossible to determine whether or not this can occur. The most critical factor is how your gross monthly income compares to your monthly housing payment and other monthly payments showing on your credit report. If the relationship between them is in the right place, you can qualify. If it is not, you cannot. Your FICO score is of secondary importance. It won't factor into your ability to get the loan unless it is exceptionally low. It will, however, have a tremendous bearing on what interest rate you can get, and how much your new loan will cost. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to discuss your options with you. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 46 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.