Home loan.. question

[lovable]

Next year May kalla closing undhi ikada.. ipudu india lo apartment tisukundham anukuntuna.. so next year closing time ki credit score impact emyna undi loan problem avatdham US lo?

[csrcsr]

Just now, lovable said:

Next year May kalla closing undhi ikada.. ipudu india lo apartment tisukundham anukuntuna.. so next year closing time ki credit score impact emyna undi loan problem avatdham US lo?

If yiu take any loan for india property and those payments will impact with your DTI ratio if they show up in bank statements may closing ante if yiu make payments on time credit score might be ok but DTI is key

[Thokkalee]

India loan doesn’t impact your credit score here.. but it will impact your total monthly expenses and DTI.. it will show up in your monthly expenses on your bank statements 

[lovable]

2 minutes ago, Thokkalee said:

India loan doesn’t impact your credit score here.. but it will impact your total monthly expenses and DTI.. it will show up in your monthly expenses on your bank statements 

So it will be high interest rate or need to pay more down payment in this case??

[Thokkalee]

1 hour ago, lovable said:

So it will be high interest rate or need to pay more down payment in this case??

It doesn’t matter much if you can afford it.. your home loan payment should be within 30-35% of your take home salary.. if you show enough buffer, you should be good.. 

India account nunchi pay chestav kabatti, don’t send monthly payments for this.. send a lumpsum amount to your India account and use that to pay mortgage .. you can say that you sent to your parents.. monthly regular deductions lekunda chusko 

[csrcsr]

1 minute ago, lovable said:

So it will be high interest rate or need to pay more down payment in this case??

DTI around 40% (depends on lender some go till 43-45 etc) gross

For example your gross is 10k now your dti is with future mortgage payment 3k and car loan is 400 and assuming you don't have any other loans

Your dti is 34%

If yiur payments for Indian loan coming from your statement is 600 then you are 

So you just hit 40% still ok but payment is 2k then it goes to 54% 

High interest rates night not help you your monthly paymentbus key

[lovable]

6 minutes ago, csrcsr said:

DTI around 40% (depends on lender some go till 43-45 etc) gross

For example your gross is 10k now your dti is with future mortgage payment 3k and car loan is 400 and assuming you don't have any other loans

Your dti is 34%

If yiur payments for Indian loan coming from your statement is 600 then you are 

So you just hit 40% still ok but payment is 2k then it goes to 54% 

High interest rates night not help you your monthly paymentbus key

Got it.. thanks bro. Also H4 ead midha india lo loan vastadha apartment ki?

[YaYaBalaya]

Ltt

[csrcsr]

12 minutes ago, lovable said:

Got it.. thanks bro. Also H4 ead midha india lo loan vastadha apartment ki?

Teliyadu bro regarding h4 as long as income, ssn, credit history, assets  is there banks don't care I guess

[Android_Halwa]

14 minutes ago, lovable said:

Got it.. thanks bro. Also H4 ead midha india lo loan vastadha apartment ki?

As long as you can prove h4 EAD has stable income..

[Konebhar6]

3 hours ago, lovable said:

Next year May kalla closing undhi ikada.. ipudu india lo apartment tisukundham anukuntuna.. so next year closing time ki credit score impact emyna undi loan problem avatdham US lo?

Wont impact credit score much, but will impact how much you can borrow from bank as your monthly expenses increased. If you are renting it out, make sure you have a rental agreement and get it back here. It will be added to your income

[Konebhar6]

3 hours ago, lovable said:

Got it.. thanks bro. Also H4 ead midha india lo loan vastadha apartment ki?

Should not be a problem. Indian banks dont care about VISA status. They only care about income and as long as you are getting it, they don't care.