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slimjen
Joined: 23 Feb 2007
Posts: 5
Location: VA
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| Posted: Wed May 14, 2008 4:16 pm Post subject: I have a buyer |
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| I'm selling my home and I have a buyer. They are using the husbands VA Certificate so they have applied for a loan using this. They want a contengency on selling their home first. I am confused. I thought with the VA loan; they would not have to put any money down especially with me paying closing cost. They're saying they need the proceeds to put money down. Is this possibly so they won't have to finance as much? |
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m2c
Joined: 03 Aug 2005
Posts: 743
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| Posted: Wed May 14, 2008 4:58 pm Post subject: |
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| Possibly need restoration of guaranty if current home has VA financing. Or, more likely, it's a debt ratio/net residual income issue or just a buyer nervous about carry a lot of debt. |
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rationale
Joined: 08 Jan 2008
Posts: 11
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| Posted: Wed Aug 06, 2008 7:16 pm Post subject: |
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| How's the FICO? If it's average or better look into TBW.. They're pretty good with VA loans... |
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