I just got a credit card, what else do I need to get a home loan?

Answer 1

A down payment, good income, and high credit rating.

Answer 2

Assets would help,
10-15% of the loan for a down payment,

I think some one has misled you. You don't automatically qualify for a mortgage once you get a credit card. In fact having a credit card or credit card debt is one of the worst things you can have when applying for a mortgage loan. You will need provable assets that belong to you, a steady job, good credit, and a proven ability to pay your debts in a timely manner.

Answer 3

Refinancing an adjustable rate mortgage (ARM) is a common practice for borrowers. However, it may not always be the best option. Depending on how high interest rates climb, there are cases when you could end up spending more on converting your mortgage than you would save with a locked in interest rate.

Adding Up Costs

Before you jump on a refinancing offer, consider the upfront costs. To refinance a $100,000 loan, you can expect loan fees to range from $1000 to $3000. That is not including points for lower rates.

In order to recoup these origination costs, you need to be planning to spend several years in your home. Also, if you only have a couple of years left on your mortgage, you may be better off with your original mortgage.

Benefits Of Refinancing

Locking in a low rate is the most common benefit to refinancing an ARM. By converting to a fixed rate mortgage, you are guaranteed a low interest without worrying about yearly interest rate fluxes.
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Answer 4

#1. A substatial credit history of on time payments.(at least one (1) year) #2.a verifiable proof of ability to repay the mortage.A history of steady employment usualy is enough.#3. And should the lender require it cash or a verifiable bank balance to cover the down payment.But if you have excellent credit there is a chance that you can buy a house with no money down.

Answer 5

Hello there, I am Mr chris peter.A legit loan lender.Are you into debts? Do you have a bad credit?Are you financialy down.I give out loans at low interest rate of 3 to 5%.I give out Business loan,Auto and personal loan to Men and women who are into Business transaction and who need it for personal reason.I give out long term loan for two to twelve years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US and SGD the maximum I give is 5,000,000 both in pounds and $US and the minimum 1,000 pounds and US$ and SGD so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem.Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now at [e-mail] this application below



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Answer 6

It takes along time, especially if you just got the credit card.

Answer 7

A job with a regular income, a good credit history, & approval from your bank manager.

Answer 8

Good credit, a paying job, and a down payment.

Answer 9

Not much I giess...


http://www.vancouverfinder.org/business/no-income-verification-home-equity-loan.html

Answer 10

income decente credit score and decent debt income ratio goood lluck and God bless