I am self employed software engineer / consultant. I make decent money, but I am self employed.
I am thinking buying a Town House around Dec / Jan.
House cost would be between 200-250k.
I am thinking of going for No Doc or Low Doc Mortgage.
How difficult to get it? How much lead time do I need to get the mortgage approved?
How much down payment would they require? I can go upto 30-40% for downpayment.
Any suggestion as to where I should go for the loan and what kind of rates I could get?
As of 10/7/2007 my scores TU 666 / Eq 642 / Ex 667. I am cleaning up my reports now and hoping my scores would at least 700+ by the time I am ready to apply for the loan.
Thanks in advance for your advice.