Mortgage Loans

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Contributor
masseye
Posts: 85
Registered: ‎06-20-2007

Just put a contract on new house

Options

‎01-30-2013 01:30 PM

We are to meet with the loan officer next week to go over documentation before it is sent to underwriters.......I noticed she stated our DTI was 20/40.   Is that good......  Thanks

Starting Score: Trans 618 Eq 585
Current Score: Trans 731b>Eq 702Goal Score: 750

Take the FICO Fitness20123226003331USD
Message 1 of 4 (243 Views)
 
Reply
Super Contributor
DallasLoanGuy
Posts: 5,213
Registered: ‎07-03-2007

Re: Just put a contract on new house

Options

‎01-30-2013 02:10 PM

yes, that is well inside the guidelines.

 

good luck!!

 




* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Message 2 of 4 (214 Views)
 
Reply
Contributor
masseye
Posts: 85
Registered: ‎06-20-2007

Re: Just put a contract on new house

Options

‎01-30-2013 02:11 PM

Thanks Dallas!!!

Starting Score: Trans 618 Eq 585
Current Score: Trans 731b>Eq 702Goal Score: 750

Take the FICO Fitness20123226003331USD
Message 3 of 4 (212 Views)
 
Reply
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: Just put a contract on new house

Options

‎01-30-2013 08:41 PM

Good luck to you! I hope everything goes well! :-)
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Message 4 of 4 (127 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+