Do you think the mortgage company would pre-approve me?
I make $ 50,000 a year before taxes..good credit..no negative reports..680+ credit score..and owe $ 500 in monthly installment debts, to include 2 student loans and 1 credit card. Everything else is paid off. I will be applying for this mortgage alone and have been working at the same job for 2+ years..I’m already pre-qualified..I just want to know what my chances of being pre-approved are..They said it’ll take a week before I receive a response, but I really can’t want that long..must know now. Also, I’m putting 3% down and doing an FHA loan. I’ve been quoted 5.875 for an interest rate. Thanks!