TXITGIRL

i understand that. but i can't help but bare in mind what the CU told me 90% off MSRP (basically ignore my xplan pricing that I get).

but i have Xplan pricing of $19K that the dealer will honor so it's normal for CU's to finance 90% and NOT 100% financing?? maybe it's just MYCASE But I would rather finance 19K and not 21K

I have been approved by my credit union with a credit monthly payment and lowest APR they offer (1.65%), $330 monthly I have been searching for the car I want to buy, 2013 ford focus ST MSRP is $24,420 but with the X plan pricing I get with my employer it brings it down to $19,000, ford says they will honor it. CU approved me $21,000, so how will I use this? when i called my bank they said the 21K is used towards the MSRP price so that leaves me with $978 out of pocket. They said I was approved 90%, 10% used for collateral in my case. TU is 720 right now.

its like my app is never ending. so what if i don't have a good enough credit score, so what if I've only been living in the states for almost 4 but didn't start building my until 2 years ago. so what if I don't have cash to put as down payment, its like you look at my app as the odd one out??? what convincing do you need??? just red arrow me me and I'll take my luck elsewhere. geeez

What I meant by that is that I'm hoping that he doesn't present me with a padded APR so that he extracts more profit from the deal. I'm apprehensive that he may use the low credit scores as a means of presenting the highest rate possible. I thought that was the norm?

zero cash down payment possibly $3000 trade in value on a 2002 volvo S60

currently in the process of naturalizing yes I have my social.

i thought downpayment on conventional loans are between 10% and 20%?

I have had my citi secured credit card for 2 years now - i only put down a $200 limit. I know it cannot be increased but has anyone ever went from having a secured CC to an unsecured cc from the same bank? My util on the CC is only 30% or less than that.

ha! love the name! Is this going to be your second purchase? are you an investor?

bump

oops my bad for the mis calculation.

We are in the process of planning to buy a house this time next year. We just renewed our rental at $1000 a month. At the time of signing the lease we were required by the owner to put down $1875 deposit - refundable when we move out. So basically we have $2000 saved up (saving another$1000) so far for meeting the minimum 3.5% for an FHA and the value of the house we are looking at buying here in San Antonio, TX is $150K. $150K can get you a brand new home with HOA. But we will look for homes without HOA's anyway, concerning the deposit that will be refunded back to us and signing our mortgage papers, are we going to be required to have that 3.5% in our checking account ready to be deducted?? so lets say, we move out May 30 2012, we only have $2000 in the checking, we wait 30 days for the refund to come thru from the property management company Is it true we cannot sign the mortgage papers until we show we have the $5000 in our checking account? $2000 saved $1875 to be refunded $1000 currently saving from now until early next year or until we meet $5000 total 3.5% of a $150K home is $5000. pardon my real estate terms and knowledge, i am still a noob at all this.

front end: 24.4% back end: 31 %

I just calculated my DTI ration, it came in at 28%, is this good or bad? and what % is not good?