Finding A Lender (part 2)
I did'nt think anyone wanted to read a whole book.So I made part 2 of my ****Must Reach Freshman Investor status before posting URL's*** want to buy a 389k ****Must Reach Freshman Investor status before posting URL's*** currently have 130k property with only 30k in equity.Annual earnings gross 65k with 25k debt (credit cards and cars) Can I find a lender that will approve buying the new home keepping the old as a rental and paying the 25k debt off,if I would set up direct deposit of earnings in an escrow (mortgage taxes insurance)and buy the property at 80% of it's value?
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Most important is the blended credit score from the bureaus.