Regular Contributor
Posts: 123
Registered: ‎03-04-2012
Re: Help will be applying for a mortgage soon
With all due respect bud 500k might be too much to balance. I know you have high utilization but even with all you cc paid off you are willing to take out a high note. With a purchase price of 500k at 5 percent down your note will be 475k plus an equity line?!? One reason they want two years of tax returns is to see job stability (among other things). You said yourself that the past two yeas were rough for you correct?! Idk. Seems like you should be in the 250-300 category. My personal opinion.