Question by Nikki K: when you go online and apply for home loans does that count against your credit?
my husband and i are looking to buy a house in next couple months and we are wanting to apply for home loans at a couple different places but not if it is going to count against our credit. is there anyway that we can just see what kind of loan and payments we could get without it counting against us? which places are the best to go to?
i just want to see what kind of loan and rates we can get right now without any commitment and then choose the best one for us later.
Best answer:
Answer by Help Is Here!
If someone runs your credit to give you a preapproval, seek sickness yes, online your score will take a hit. But, try if you are checking out quite a few in a short period of time, it will not count as 10 inquiries, because they have it set up now, that if you are looking for a car loan or mortgage, they bunch it together.
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Question by paiige_peaace27: How much of a house can I buy if I make about 0, drugs 000 to 0,000 a year?
Based on Prices & Square Footage, if I get a 15-year fixed rate
In
Indiana
Illinois
Florida
New Jersey
California
Hawaii
Thanks
Best answer:
Answer by My Take on It
Just Google “mortgage calculator” Most sites will have a section that can calculate how much house you can afford.
Doesn’t matter what state you buy in. Also, there is a HUGE difference between making 230k and 300k a year. If you go by the 300k a year figure, you *may* be able to afford a house up to 900k. Depends on your debts, credit and interest rate you get.
Also, you are going to need a hefty down payment if you want to go the max of what your income can supposedly afford. You cannot get an FHA loan on a 900k house unless you are putting almost 500k down. You would have to do a conventional loan which is going to want 20% or more down. That’s almost 400k.
What do you think? Answer below!
