Quote:
Originally Posted by TiltonBB
Actually no. Your post said: It’s pretty easy to be approved for a mortgage when your (sic) putting 50-60% down.
My point is that the down payment has nothing to do with the approval. Mortgage approvals are not based on how much you put down. Anything over 20% down payment is subject to the same approval process and that is primarily about credit, debt to income, security of that income, and the value of the subject property.
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Yes it does. Down payment has everything to do with approval. It’s usually the largest debt number in the debt to equity ratio and cash flow ratio
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