I am sorta in a soup and so stressed out.
I closed on a home last month have have been shopping for home loans, Wells Fargo offered a great rate but suddenly said I need to do a 20 down instead of 15 and I am not comfortable to go that route. I have spent so much time with them and in the last minute they came back saying my income isn't enough to quality for 15% down.
US Bank is not offering a competitive rate either who is my other bank I am talking with. I didn't shop enough and not it's too late to close anything right?
At this point I am so stressed out to close this loan on time to avoid penalty. I am almost regretting getting this far on the home shopping all by myself. Can someone offer any advice on now can I stay sane and work out things?
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Otherwise you pay rent for what, another 1-2 years? That's already 25-48k right there (depending on where you live).
Skimp out on living expenses for a few months and you should get a decent backup fund back
It was super stressful; I am still stressed until I close and get keys. Can't wait for this to get over soon
2. Loan amount
3. Base salary
4. Other income that you used to qualify for mortgage
5. Current monthly obligations such as car loans
6. Your total available cash for down payment
If you could provide these numbers I can do some quick calculations and might be able to refer a mortgage person to you.