topic Re: Denial? in Mortgage Loans

Denial?

Anonymous — Sun, 27 Oct 2013 08:36:59 GMT

So me and my husband have filled out a fha loan application, his credit was too low. So we are working with a credit counselor and have about another month before his credit will be high enough. Since we are paying things off fast, the day before he gets paid we take everything left in our acct and pay something down more. Is it gonna look bad to he underwriters that we don't have money left over? Even if we're using it to pay things off fast?

Re: Denial?

paramed3 — Sun, 27 Oct 2013 13:33:36 GMT

Anything you have of value start selling it on ebay or yard sales or the like. I did. I sold some stuff dear to me and it really meant a lot to have that extra money. Don't give it away just sell it on ebay and get a good price for it. You would be suprised what stuff brings. Also on Sat you and him shop yard sales for stuff you know will resell but take that one slow. I have watched people go out and buy 400 in stuff and eat it all cause they bought junk.