question Home Loan In Usa, With An Existing Home Loan In India

[ronanking]

Hello All, 

 

Can you anyone shed some light on home loans,

Will it impact how much loan you get qualified for, if you already have an existing home loan in India.

Does USA lenders check to see if you have a Home loan in India.

 

Thanks In advance. 

 

 

 

[missionxp]

Assalu cheppaku akkada loan undhi ani

But if you are sending constant amt of money to ind every month from your bank acct they will ask the reason...

Ilantappudu oka 1 year mundhu lumpsome pampichesthe .. Akkada local transactions chesukunte vallu adagaru as they think its general overseas transaction

[ronitreddy]

All they consider is your credit history in US..Based upon that, they will approve your loan..Doesn't matter if you have any loans in India or not..

[ronanking]

Assalu cheppaku akkada loan undhi ani

But if you are sending constant amt of money to ind every month from your bank acct they will ask the reason...

Ilantappudu oka 1 year mundhu lumpsome pampichesthe .. Akkada local transactions chesukunte vallu adagaru as they think its general overseas transaction

Thanks Bro, India lo na peru meda relatives ki loan tisukuntuna and they will pay it off, but illa chesthey naku ikkada eligiblity emmana bokka padutunda ani na dbout.

[ronanking]

All they consider is your credit history in US..Based upon that, they will approve your loan..Doesn't matter if you have any loans in India or not..

Thanks Bro that helps.

[missionxp]

Thanks Bro, India lo na peru meda relatives ki loan tisukuntuna and they will pay it off, but illa chesthey naku ikkada eligiblity emmana bokka padutunda ani na dbout.

As long as u don't have any transactions in last 1 year or 6 months of sending constant amt u should be fine .. They will not know anything abt ur indian home loan unless u tell them or if u are using HSBC US & HSBC India acc for both loans

[missionxp]

Thanks Bro, India lo na peru meda relatives ki loan tisukuntuna and they will pay it off, but illa chesthey naku ikkada eligiblity emmana bokka padutunda ani na dbout.

As long as u don't have any transactions in last 1 year or 6 months of sending constant amt u should be fine .. They will not know anything abt ur indian home loan unless u tell them or if u are using HSBC US & HSBC India acc for both loans (something like that )

[sandie]

Scrooge

[k2s]

no relation.... just dont declare any debts in oversees thats it

[mustang302]

i no have any appu back in india...need $200K appu here..BOFA better or CHASE better..home loans ki...!

 

credit score  lil above 750 undhi...!!

[aragorn]

i no have any appu back in india...need $200K appu here..BOFA better or CHASE better..home loans ki...!

 

credit score  lil above 750 undhi...!!

 

ekkada approve aithe akkda uncle. rendu aithe evaru low interest rate isthe akkada uncle. :3D_Smiles_38:

[AFDB_Director]

INDIA lo loan undhi ani em cheppaku. ikkada credit score chustaru. next debt-income-ratio. That means your income minus car payments, credit card minimum payments. Nee credit score bagundhi kabatti, they will give loan amount of 3 times your annual pay. Nee annual income $100k unte $300k varaku loan approve avthundhi. 

 

check your local credit union and also, home loan specialized unions. reviews batti oka 2 or 3 mortgage lenders deggara quote teesko. 

 

check for interest rate, APR (this is diff than interest rate), loan origination fees, closing costs fees etc, and compare all these. 

 

chinna lenders manchi rate istaru, tarvata loan servicing inko jaffa companies ki ammestaru. they will show you starts by charging worst fees for different services. So, better interest rate is not always a good way to go, check for their reviews also.

 

we took a home loan from quicken loans, by-far the best interest rate and also, good to deal with and very informative for first time home buyers

 

research, research and research !!!

[sandie]

i no have any appu back in india...need $200K appu here..BOFA better or CHASE better..home loans ki...!

 

credit score  lil above 750 undhi...!!

 

 

Quicken Loans antaa try chesi chudu mustang.. compare interest rates..

 

inka 401K plan unte.. ala kuda loan theskuntaranta..

[MeetFriendz]

ok

[BillMarkSteve]

ltt