Headstart…Please help!

Home Forums Purchase Program Headstart…Please help!

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  • #72426
    #72427
    Nelsont
    Member

    1. It won’t hurt you. It will just require diligence on your part to be able to clearly explain it. Maintain all paperwork. Be prepared to answer to this often.

    2. You should be fine. Buying a car is acceptable. Keep the lease paperwork. Be prepared to explain the new loan.

    If your savings drops below your mrf before you qualify then qualification will be delayed.

    If your savings drops below your mrf after you qualify but before you make an offer on a house then nothing will happen if you get your savings up before then.

    If you make an offer on a house and your savings is lower than your mrf you will delay the process and possibly lose out on your emd.

    #72428
    Lhenderson22
    Participant

    Thank you so much @Nelsont. There won’t be a new loan. I will just be paying the residual amount on the car.

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