And-they want to know how much cash you have in the bank that you are ready to put down-that makes a BIG difference these days. My brother and his fiance have some serious, serious cash to put down and when they went in-they realized that they were able to get a better deal that what they had thought simply for having a LARGE down payment.
at 8:12 PM on Jul. 17, 2009
Several factors are taken into consideration.
Debt Ratio-how much debt you have compared to how much you make
Value of the home in consideration