Q. How to find the best home loan calculator app on Samsung Galaxy S3? i need a loan calculator app, but i can't find the one i really want! so can anyone show me the best loan calculator app for Galaxy S3?
A. Well, i heard a good home loan calculator app called Quicken, you can try that.
How much debt is too much when you want to apply for a home loan?
Q. I would like to apply for a home loan, but I have some credit card debt. I have good credit - never missed a payment, never been late, etc. I just don't know if having credit card debt will cause me to be declined.
A. The bank will add in your credit card dept along with any other loans or debts and will assess it against your income and the amount of your home loan will be estimated taking into account your ability to pay.
A bank will usually take the total amount of your credit card limit as your debt, not how much you've used of it. So, if you have a card limit of $30,000 but have only used up $1000 of it the bank will see it that your debt is $30,000, not the $1000. That's the downside. Banks won't usually decline you for a home loan just because you have a c/card. They work on your ability to pay your loan.
If possible, try and pay off your card and destroy it! Have a debit card instead, then you only have access to money that you have, not money that you don't have!
A bank will usually take the total amount of your credit card limit as your debt, not how much you've used of it. So, if you have a card limit of $30,000 but have only used up $1000 of it the bank will see it that your debt is $30,000, not the $1000. That's the downside. Banks won't usually decline you for a home loan just because you have a c/card. They work on your ability to pay your loan.
If possible, try and pay off your card and destroy it! Have a debit card instead, then you only have access to money that you have, not money that you don't have!
How does applying for a Home Loan Affect your credit score?
Q. I want to apply for Home Loan and see how much we qualify for. My question is that if we do not like the number and want to wait how will it affect our credit score if we decide to wait and save for a bigger down payment. I want to avail the $8000.00 tax credit. Does anybody know if it is an ongoing thing or it is only for the year 2009.
A. no not unless you apply for a home loan at several places. if too many lenders are pulling credit in a short period of time it can have an impact upon score.
But one or 2 every quarter is no big deal.
$8,000 tax credit right now is only good for purchased up thru 11/30/2009. There is no law yet that extends it past that.
But one or 2 every quarter is no big deal.
$8,000 tax credit right now is only good for purchased up thru 11/30/2009. There is no law yet that extends it past that.
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