Posts Tagged ‘Buy A House’
Can we get a home loan?
sweetash229 asked:
My Fiancee and I want to buy a house. He has excellent credit and a decent sized income. I have BAD =( credit and a fair income. Can he get a home loan that takes into account my income combined with his but not my bad credit?
My Fiancee and I want to buy a house. He has excellent credit and a decent sized income. I have BAD =( credit and a fair income. Can he get a home loan that takes into account my income combined with his but not my bad credit?
Posted in Renting Real Estate | 
Tags: Bad Credit, Buy A House, Buy House, Fiancee, Home Loan | 
7 Comments »
What’s the best way to go about getting a new home loan?
Janelle C asked:
Here’s my situation…My husband and I want to buy a house…eventually. Of course, it’s the all-American dream. However, it won’t be happening for another couple of years, but when it does, we definitely have a hard situation to work with. My husband has bad credit and mine is actually pretty good. What would be the best approach because I know there will be some setback with him being the joint borrower such as a higher interest rate, etc. Would it be a good idea for me to be the sole borrower? Any advice would be appreciated.
Here’s my situation…My husband and I want to buy a house…eventually. Of course, it’s the all-American dream. However, it won’t be happening for another couple of years, but when it does, we definitely have a hard situation to work with. My husband has bad credit and mine is actually pretty good. What would be the best approach because I know there will be some setback with him being the joint borrower such as a higher interest rate, etc. Would it be a good idea for me to be the sole borrower? Any advice would be appreciated.
Posted in Renting Real Estate |
Tags: Bad Credit, Buy A House, Buy House, Interest Rate, New Home Loan |
3 Comments »
Tell me why I should not use credit lines to buy a house?
Jack L asked:
I have excellent credit and have lots of credit cards with high limits and no or low interests (from 0 to 2.99%). I have been switching them from one another when their terms expired. I’m thinking about using them to buy a house. I could beat the current 6.375% and avoid from having a mortgage. With a house title in my hand I could take time to pay off these credit cards. Worse I could have a bad credit but still have a house. What’s pros cons?
I have excellent credit and have lots of credit cards with high limits and no or low interests (from 0 to 2.99%). I have been switching them from one another when their terms expired. I’m thinking about using them to buy a house. I could beat the current 6.375% and avoid from having a mortgage. With a house title in my hand I could take time to pay off these credit cards. Worse I could have a bad credit but still have a house. What’s pros cons?
Posted in Renting Real Estate |
Tags: Bad Credit, Buy A House, Buy House, Credit Cards, Credit Lines, Mortgage, Pros Cons |
4 Comments »
Can you person own the mortgage and another person own the house?
David asked:
I am wanting to buy a house for a friend of mine in a different state, her credit is bad and will not get a mortgage. Can I get the mortgage and have her as the owner of the house so that she can get the $8,000 tax credit? It will be her primary residence but not mine, I will be living out of state.
I am wanting to buy a house for a friend of mine in a different state, her credit is bad and will not get a mortgage. Can I get the mortgage and have her as the owner of the house so that she can get the $8,000 tax credit? It will be her primary residence but not mine, I will be living out of state.