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Updated over 8 years ago on . Most recent reply

Richard Fields's profile image
Richard Fields's profile image
Richard Fields
  • HVAC mechanic
  • from Philadelphia, Pennsylvania
  • Member since Sep 28, 2015
Connect

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241
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57
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Richard Fields's profile image
Richard Fields's profile image
Richard Fields
  • HVAC mechanic
  • from Philadelphia, Pennsylvania
  • Member since Sep 28, 2015
Connect
Richard Fields
  • HVAC mechanic
  • Philadelphia, PA
57
Votes |
241
Posts
Personal Finance

Persaonal Financeing question

Richard Fields
  • HVAC mechanic
  • Philadelphia, PA
Posted

I have a property that is a cash only sale. I'm 30000 short. I have good credit, BUT the only way I can get the 30000 is on my credit cards. My question is, since the additional 30k in credit card dept is going to raise my DTI too high to qualify for a mortgage, is there any other loan product that would work for me? If I was using the loan to pay the 30k credit card dept, would I qualify for a dept consolidation loan? Any loan officers here have any suggestions?

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