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Updated almost 9 years ago on . Most recent reply

User Stats

241
Posts
57
Votes
Richard Fields
  • HVAC mechanic
  • Philadelphia, PA
57
Votes |
241
Posts

Persaonal Financeing question

Richard Fields
  • HVAC mechanic
  • Philadelphia, PA
Posted

I have a property that is a cash only sale. I'm 30000 short. I have good credit, BUT the only way I can get the 30000 is on my credit cards. My question is, since the additional 30k in credit card dept is going to raise my DTI too high to qualify for a mortgage, is there any other loan product that would work for me? If I was using the loan to pay the 30k credit card dept, would I qualify for a dept consolidation loan? Any loan officers here have any suggestions?

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