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First off, How do I break into the Lending Tree mortgage Buisness? Thanks for any comment. My 2nd question... I found out yesterday that my wife's middle fico is 722! Mine is running about 650. Recap of my situation: 6mo out of BK7 discharge. Reports are getting cleaner every month.. |
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I would like to know the answer too. Anyone here know what is the right answer to your question. I'll do some research in Google and get back to you if I discover an good answer. You should email the people at Lending Tree as they probably could assist you..
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I know very little about them but there are such things as "no income documented" mortgages....
Perhaps your wife could qualify for one of these with having such a good score. I believe the interest rate is slightly higher, though... |
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If you would like some information about "No doc loans" please email me...
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I am going through a no doc loan. It doesn't matter my income was (they made me go full-time though) but my middle score had to be 620, I had to put 5% down and the interest will be a little higher since it's no doc. They told me it would be 7.6% but I've heard you could negotiate with the Lending Tree loan officer. That's what I plan to do. At least bring it down to 7%..
Janet.. |
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When you say they made you go full-time, do you mean the Lending Tree loan was dependant upon you working full-time? Did you have to have a minimum of two years on the job? One more question (for now) who are you going through?.
Thanks Janet!.. |
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Nineflies.
Your best option might be to go with a NINA (No Income No Asset) Lending Tree mortgage in your wife's name. All that will be looked at will be her scores. A no-doc Lending Tree loan generally will require that you be able to prove enough assets to cover up to 6 months PITI. If you want more information and need more detailed information, you are welcome to email me off board. We have communicated that way before.. Fla-tan.. |
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FLA-TAN!.
I just about fell out of my seat seeing your post!!!. I'm just happy to see you!!! Gosh, I hope all is okay. A WHOLE LOT OF PEOPLE have been worried and have missed you.. Not just for your expertise either, you're a "friend" to a lot of us too!!!. Glad you're back!! :o). Newstdt.. |
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Thanks Newstdt. I am now blushing red. It is nice to know that at least one person is glad to see me. Sorry about causing you to fall out of your chair though....LOL.
Fla-tan.. |
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I have no idea why they made me go full-time (I guess for stability) but my job always love full-time employees. Oh, and I've only been at my job a year and a half..
The loan's through, I believe, a bank in Arizona. I could ask my Lending Tree loan officer for you. Even though I only made $25,000 full time, I qualified for a $110,000 home.. Janet.. |
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What is your down payment?.
My middle score is EQ 687 (TU = 698 EX 635). I am getting a VA loan, so I know it is a bit easier, but I am qualifying at 6%. :-). Your middle score is 650 and that is good enough for FHA... |
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Yea, but I have a BK7 discharge only ~6mo ago. No FHA for me for another year and a half I think...
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