i want to buy a house in Cali,but i have 26k in credit cards can i still get a loan?

Answer 1

Depends on what your credit score is, how much you make and if you are current or up to date on your bills.

Answer 2

Yes, any good mortgage broker can get you a loan. You must have a good income to get that kind of debt, and as long as income is there, a loan program is available. In fact we have a few programs that will let home buyers pay off bills when they purchase their home. You can borrow as much as 125% of the homes value to pay off bills and closing costs on a purchase. You have to have good credit to get that much, but it is possible. If you are interested contact me, and I will see what you qualify for. Ron [phone]

Answer 3

out there is a banker waiting for you, to get you into a house on his profitable terms.
the question is should you get a house?
you have learned how to lose money (credit slave cards) do you know how to keep it in your pockets long term?
a house note (fixed rate 80% withPMI 30 yrs or less) that costs you more than 1 weeks take home pay (principle and interest only) will lose you money.
figure on spending up 2 week take home pay on - taxes, insurance (house/car) , transportation extra costs, gas , water , sewer, electric, empty house syndrome, yard costs upkeep, association costs especially in Ca.
can you live on 1 weeks take home pay?
suggest 'house buying for dummies' visit daveramsey.com to learn what bankers pray you never ever learn and apply it.
learn to manage your money before the house drowns you.
the 'house tax break' does not apply to 85% of house owners. IRS facts

Answer 4

That depends....on what your credit score is, what your income level is, and what is your debt payments on those credit cards in relation to your gross income. That would determine what amount of a mortgage you would qualify for.