Skip to main content

Need help with mortgage broker question please

Sorry I really just need help from someone who knows more about this, or please point me in the right direction.

My girlfriend went to a mortgage broker for a pre-approval, she has a job on contract but has passed 1 year of employment with them. She told my girlfriend she has a credit rating of 675 (apparently it was 680 before the hard check) she then said CMHC requires a credit rating of 680.

However the mortgage broker sent her a pre-approval that doesn't have any interest rate stated on it and was conditional based on improved credit score.

I asked some questions about if there was anything else we could do as her bank only updates credit scores every 3 months and we didn't want to wait. She said she spoke to another lender and it's case by case but if we can get a seller to accept our offer based on condition of financing that she will get it done for us.

Does this all seem ok, should we trust that and try to look at and offer on houses right now?

Thank you for any help.

submitted by /u/SirTropheus
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/utoy99/need_help_with_mortgage_broker_question_please/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more