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Mortgage rates depend on income?

I gross 65000 a year with a new salary increase from last month. Is this gonig to help me at all? Fico is 718 and I do have some car loan debt. Everything always paid on time. by 2jeaniekim78462624 from Garwood, New Jersey. Oct 1st 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#2 ranked lender in New York - 2,237 contributions

More income can allow you to qualify for more money but the interest rate goes by credit score and the amount you put down (your loan to value). We are a NJ lender, feel free to email or call me at anytime for more info or to see what we can approve you for. Ask how to save more if you are a teacher, nurse, any first responder, or military. Michelle 201-962-3555 Team@BestMortgageOption.com

Oct 1st 2014
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Joseph Cordova (JoeCordova)
#98 ranked lender in New Jersey - 18 contributions

Your maximum purchase price will be determined by income. Income will not determine interest rate. Your credit score, and down payment amount will determine the types of loan that you will qualify for, thus determining the interest rate. I suggest you get pre-approved and this will determine your price range and mortgage type. Let me know if you want to speak. Thanks.Joe Cordova 856-985-9944 ext. 103 www.joecordova.com

Oct 1st 2014
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Paul Sheridan (paul@njlendingsource.com)
#21 ranked lender in New Jersey - 16 contributions

Yes. Call me direct so I can run different loan scenarios for you. Getting approved is free and takes about 5min. Call me direct 732-359-6002 .

Oct 1st 2014
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Paul Sheridan (paul@njlendingsource.com)
#21 ranked lender in New Jersey - 16 contributions

Yes !! I can run different loan payment scenarios for you. Getting approved is free and takes 5min. Call me direct anytime @ 732-359-6002

Oct 1st 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,041 contributions

There are many things that affect which interest rate you would qualify for, but income in not one of them.. bad credit, low down payment, property type (single family home vs. condo or mobile home), will all affect the interest rate.. but your income has nothing to do with it.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 1st 2014
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Mona Hulteen (mhulteen)
#23 ranked lender in New Jersey - 49 contributions

You are in a great position to purchase a home. Give me a call and lets get to work.I service all of New Jersey.

Oct 6th 2014
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