PA, Single-Family, Purchase, $340K, 580 FICO, 79% LTV
Posted on 5/7/2016 8:31:18 PM
Hard working Family man relocating for work.
Will have 60,000 money down from proceeds of sale of current home.
Looking for a 18-24 Month term with amortization on 30 year term.
Willing to offer 5.5% rate.
I am a experienced General manager for high end Resorts and hotels and earn a salary at my new promotion of 80K plus bonus plan.
Here are the number I am working with.
Listed price 459,900
Purchase price 400,000
Value after paint and patch new carpet, Misc 525,000
Cash Down 60,000
Mortgage amount 340,000
Total 2938.00A total annual cost of 35,256.00 or 44% income before bonus.
I can not relocate with out this mortgage. and I can not get promoted with out relocating.
This is based on a home we have found. if it sells the home we will find will fit these number give or take.