my credit score is like 595,the interest rate on the home i am buying is like 12.6 - is that too expensive? please help,the payment is going to be outrageous.
2007-03-12 04:41:00 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
the price is right at 128,000-and i do have a high debt to income ratio,but NO late payments or any defaults.my income is moderate,not high by any means.they put me on a stated income thing to make up for that they said. i don't know alot about this kind of stuff...
2007-03-12 07:21:16 · update #1
how much is the house costing you and i maybe able to get you a lesser interest rate. shot me an email to cmruffin@bloomu.edu i'm a loan officer in pa and can do mortgages in NC.
2007-03-12 05:25:15 · answer #1 · answered by cmruffin1 2 · 1⤊ 0⤋
Depends on your borrowing situation. This would currently be almost the highest rate out there. If you are documenting your income and are putting anything down then it is on the high side for sure. There of course could be other factors involved with your situation so I can't say for certain you should be getting a lower rate.
2007-03-12 06:53:17 · answer #2 · answered by Theworldismaddening 2 · 1⤊ 0⤋