I tell tenants, "If you are approved, I will call you in 24-48 hours."

The client called her house was approved for a short sale she owes 215,000 on the house it is worth around 175,000 has not been lived in for a year.  6.5 % interest on the first. 

And while you don't have to keep those reserves in some sort of escrow account or anything, you still have to prove those to the lender throughout loan approval process.It has become much more difficult for people to purchase investment properties using conventional financing over the past few years and although there is the "seller second" or "seller carry back" or "subordinate seller second" as it is sometimes referred, surprisingly few lenders will allow for it.I'd suggest checking with a portfolio lender, that is to say, a lender who will not sell your loan to Fannie Mae, for instance.

Hi all,I'm looking for everyone's opinion on a commercial loan I have been approved for. 

Can we set it up such that we have to accept/approve payments?  

Based on your income, you will be approved for a certain mortgage amount. 

No 401(k) that I can use, no collateral, and I currently have about four recent credit card inquiries (that I was approved for) that are showing up on my credit report.How easy would it be to get a bank loan with my credit score?

But the underwriter won't approve my loan otherwise. 

, Credit, Personal debt/service, etc.)From working as someone that approved these types of deals at a local bank, I'll say that no two deals are the same.   

Your credit score does not guarantee a loan approval or denial, but your score usually affects the interest rate that is charged by the lender for the money that you want to borrow.