Posted by admin | Posted in Best 2010 forex signal service | Posted on 01-10-2010
Tags: credit_card, debt, home, how to apply for a home loan, how to apply for a home loan with bad credit, loan, much
im about to apply for a home loan?
but I have been playing alot on online sites (that require payment) I know they want 2 past bank statements..i have never overdrawn or gotten close, but how bad does it look if they see alot of withdraws (like 10 a week) for a game?
Im not worried about what they think about it..I just was curious about how this behavior would affect my application. I have stopped (starting today XP)
They won’t care what you’re spending your money on. They want bank statements to see your current spending habits (and to make sure those don’t change drastically – i.e., you don’t start getting a lot of large deposits or anything like that) through the course of your loan application. they also want to know how much you are spending on debt payments (credit cards, car loans, etc) versus how much income you have. As long as that ratio is acceptable to them (no more than about 40% of your income going to debt, less with some lenders) they don’t care where the rest of the money is going.
While you’re in the process of your loan, make sure you don’t make any large withdrawals or deposits that are unsual for you. Then they may ask you to write a letter explaining why. You can keep making the withdrawals for the game, just don’t do them any more often than you do now.
how to apply for an FHA home loan 1.888.415.2000
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