Additional Details
1 week ago
We have already been preappoved for more than what price range we are looking at.1 week ago
My husband and I also have EXCELLENT FICO SCORES!
Best Answer - Chosen by Voters
To the best of my knowledge , NO lenders will put $$ into your mortgage loan for that .The mortgage loan $$ goes to the seller of the house to cover the balance owing after you make your down payment ( which should be 20% ) .
Once up on a time , retarded lenders did make some 125% LTV for properties but they are in the unemployment lines now ,
That stupidity cost them their jobs .
HOW would any of it now get channeled to your credit card company ?
Ask your lender for a prequal letter ( they are free ) and
Your debt issue with regards to the mortgage will be explained then .
Additional : the Pre-approval is the amount they are willing to finance for Real Estate .
It would be extremely rare for the lender to give any cash to a borrower at escrow .
{ Unless your uncle owns the bank or something }
But ask them anyway , stranger things have happened .
%26gt; 67% 2 Votes
Other Answers (2)
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if you owe that much on a credit card you may have a problem getting a house. especially with the economy in the state its in, most banks are being more stingy about who they give loans. your best bet is try to knock out paying that off asap. when that clears on your credit, go house shopping.
33% 1 Vote
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