mortgage loan advice » Assets http://mortgageloanadvice.org get mortgage loan advice here Sun, 05 Feb 2012 16:08:48 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How important are assets when applying for a mortgage loan? http://mortgageloanadvice.org/renting-real-estate/how-important-are-assets-when-applying-for-a-mortgage-loan/ http://mortgageloanadvice.org/renting-real-estate/how-important-are-assets-when-applying-for-a-mortgage-loan/#comments Fri, 23 Jul 2010 03:12:38 +0000 http://mortgageloanadvice.org/renting-real-estate/how-important-are-assets-when-applying-for-a-mortgage-loan/
bela429 asked:


I originally applied for a loan and was able to qualify for only 70k since then I have made a few changes such as pay off some furniture I had financed and paid off my car loan and now I am looking to try again and my dad wants to gift me his 10 acres of land he owns if I pay off 1,200 so I want to do what is best either keep the cash as a down payment if its not gonna make a difference or pay it off and hope it makes me look better to the lender? Any advice that will help me get a better chance of getting approved for a better loan will be much appreciated, Thank you! by the way I’m looking for homes in the Hesperia area
I was wondering if having the land in my name take away the chances of getting the new homeowners credit?

Derek
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