Comments on: How likely is to get a home loan from a bank when having over $60,000 out in school loans? http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/ Fri, 13 Aug 2010 08:40:59 +0000 hourly 1 http://wordpress.org/?v=abc By: Frank Petti http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/comment-page-1/#comment-5195 Frank Petti Fri, 05 Mar 2010 13:50:59 +0000 http://www.financenewshub.com/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/#comment-5195 PETTI MICRO FINANCE INT. (LOAN OFFER AT 5% INTEREST RATE) We offer Loans to individuals, Firms and cooperate bodies at 5% interest rate per annual, The Minimum amount you can borrow is $2,000.00 US Dollars to Maximum of $10.Million. Please, provide the following: 1. Name Of Applicant:....... 2. Age:...................... 3. Location:................. 4. Amount Needed........ 5. Duration:................. 6. Phone Number............. 7. Fax Number............... 8. Address............... 9. Occupation:............... 10.Country:.................... 11.State:........................... 12.City:........................... 13.Post Code:......................... 14.Monthly Payment: You can contact me today if you are interested in getting a loan in this company, contact me for more information about the loan process, process like the loan terms and conditions and how the loan will be transferred to you. I need your urgent response if you are interested. Contact Email:Email:frank_petti59@yahoo.com Sincerely, Mr.Petti,<br><b>References : </b><br> PETTI MICRO FINANCE INT. (LOAN OFFER AT 5% INTEREST RATE) We offer Loans to individuals, Firms and cooperate bodies at 5% interest rate per annual, The Minimum amount you can borrow is $2,000.00 US Dollars to Maximum of $10.Million. Please, provide the following:
1. Name Of Applicant:…….
2. Age:………………….
3. Location:……………..
4. Amount Needed……..
5. Duration:……………..
6. Phone Number………….
7. Fax Number……………
8. Address……………
9. Occupation:……………
10.Country:………………..
11.State:………………………
12.City:………………………
13.Post Code:…………………….
14.Monthly Payment:
You can contact me today if you are interested in getting a loan in
this company, contact me for more information about the loan process,
process like the loan terms and conditions and how the loan will be
transferred to you. I need your urgent response if you are
interested.
Contact Email:Email:frank_petti59@yahoo.com Sincerely,
Mr.Petti,
References :

]]> By: Joy http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/comment-page-1/#comment-5194 Joy Fri, 05 Mar 2010 13:10:59 +0000 http://www.financenewshub.com/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/#comment-5194 I am Joy Anderson i was in need of a loan of $100 000 USD and was scammed by those fraudulent lenders and a friend introduce me to Mr John Clarke,and he lend me the loan without any stress,you can contact him at clarkeloanscompany12@yahoo.com<br><b>References : </b><br> I am Joy Anderson i was in need of a loan of $100 000 USD and was scammed by those fraudulent lenders and a friend introduce me to Mr John Clarke,and he lend me the loan without any stress,you can contact him at clarkeloanscompany12@yahoo.com
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]]> By: B&C All Day http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/comment-page-1/#comment-5193 B&C All Day Fri, 05 Mar 2010 13:03:59 +0000 http://www.financenewshub.com/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/#comment-5193 It all depends on your Debt to Income ratio. Basically, if you are making $4,000 a month before taxes, a bank will try to make sure that your total payments (student loans, car, and house payments) does not exceed 35% of your pre-tax income. So if your total payments of long term debt would exceed about $1,400, chances are that you will get turned down. Also, a lot of banks are requiring 75% loan to value on properties. So unless you have 25% to put on a down payment, or can obtain a virtually unsecured loan for the downpayment,you might be out of luck at the moment. This is all assuming you have a good credit score of 700+.<br><b>References : </b><br>Commercial Credit Underwriting Intern It all depends on your Debt to Income ratio. Basically, if you are making $4,000 a month before taxes, a bank will try to make sure that your total payments (student loans, car, and house payments) does not exceed 35% of your pre-tax income. So if your total payments of long term debt would exceed about $1,400, chances are that you will get turned down. Also, a lot of banks are requiring 75% loan to value on properties. So unless you have 25% to place on a down payment, or can obtain a virtually unsecured loan for the downpayment,you might be out of luck at the moment.

This is all assuming you have a excellent credit score of 700+.
References :
Commercial Credit Underwriting Intern

]]> By: golferwhoworks http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/comment-page-1/#comment-5192 golferwhoworks Fri, 05 Mar 2010 12:13:59 +0000 http://www.financenewshub.com/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/#comment-5192 it all depends on your income and credit. The monthly debts on these will be included in your debt to income ratio I am a mortgage banker in TN<br><b>References : </b><br> it all depends on your income and credit. The monthly debts on these will be included in your debt to income ratio
I am a mortgage banker in TN
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]]> By: pink elephants http://www.financenewshub.com/finance-articles/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/comment-page-1/#comment-5191 pink elephants Fri, 05 Mar 2010 11:32:59 +0000 http://www.financenewshub.com/loans/how-likely-is-to-get-a-home-loan-from-a-bank-when-having-over-60000-out-in-school-loans/#comment-5191 depends on your credit score and your debit to income ratio. I would seek a pre-approval letter for financing thru your current bank - before seeking out a property to purchase. that way you know if you are qualified and your price range.<br><b>References : </b><br>6yrs FL CAM and Real Estate depends on your credit score and your debit to income ratio. I would seek a pre-approval letter for financing thru your current bank – before seeking out a property to buy. that way you know if you are qualified and your price range.
References :
6yrs FL CAM and Real Estate

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