I want to buy a bigger/newer home, do you think I can qualify for this loan?? See details. thanks?
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You have a good credit score, a healthy income and you have been in the same industry for three years. Nathan, it looks like you more than qualify to buy that home you want. Qualification is not your problem. I have twenty lenders that would bend over backwards to give you a home loan and they wouldn't even ask you for a down payment
The only thing that concerns me is my whether you've determined what your long term financial goals are and if you've thought about building some reserves just in case life throws you a curve ball.
Depending on how much your current home is worth you may want to sell it and use your equity as a cushion for your new purchase. You won't have to use your equity as a down payment because I'm almost positive you could qualify for 100% financing.
If you want to keep the home you have that may be an option as well. If the rents are high enough in your area to cover your mortgage you might cash-out on that home and use your cash to buy this other one without selling.
There are a too many options for me to list them all here, but you can email me if you'd like some more details. the main thing i want to get across to you is that you don't have to worry about qualifying for a loan, you just have to make sure that you're putting yourself in a good situation.
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