My credit is less then perfect and his is great....How is this going to affect us after we marry? - credit cards for slow credit
In the example .... When buying a house next year my credit card is removed or can come, if my income as additional income to your credit card and not drag my name on the credit and loans? Have you paid all bills (excluding car loans) How long does it take to get loans again, if I am late payments on credit cards and etc did?
Saturday, December 26, 2009
Credit Cards For Slow Credit My Credit Is Less Then Perfect And His Is Great....How Is This Going To Affect Us After We Marry?
1 comment:
As a mortgage broker to tell you that it is dependent. Of course, I need more information from you, but I will provide background information that I know you will always find in your effort to buy the house.
First, I have prepared for a married spouse of one of the really bad credit is. One thing to keep in mind that everyone in a mortgage application must contain a report on the loan. However, married couples can buy a house without someone goes to a loan application!
Huh !!!??
Because if you do not go on the mortgage application that you always get in touch to be added to the track with her husband to end the deadlock. The only difference is that you the property without the responsibility of the mortgage. Funny huh. Let's say hypothetically that you and your husband in a fight for a very bad day and decides to leave the city (it disappears) and the end of the mortgage is not on your credit history ..... But it's just a side note. Of course, you pay the mortgage otherwisebe at home.
Here are two things that can happen,
A. Option 1
If you have multiple lates, that should be at least 90 days to go when the lenders and mortgage brokers are May, a higher interest rate or points. Well, if you have collections you to the collections at the end of the Escrow (at least here in California, which happens a lot) reward. If you have many collections and many of the mortgage application lates probably thrown. But her husband needs to qualify for the mortgage on the house than your income.
Now you can do a certain income / verified asset loan product, especially if it is an adjustment loan (under $ 417,000). I saw the practice of combining both the income of the spouse stated income program, because even if the 4506-L (a way that the lender is likely to make you sign for the right to return to the IRS ORIGINAL) apply), your tax both on and off theour income!
The problem is that the lender holds his wages since the merger of the mortgage lender does not increase lending money now.
To the solution B.
1) LOTS start saving money. Whatever the price of the house that you want to ensure at least 10% down. Yes 100% (at full doc) still exists, but not for people who know that they live at home, the recommended short-term (1-6yrs).
2) If your husband and you have multiple accounts, some are only in your name --- May you want to have money transferred from the bank ACCTS his name just for him. BECAUSE YOU MONEY require season take over the lender 90 days to an average of 3 months to determine that there is no money "gift" was made available.
3) By the way --- gift will be blocked funds for the trustee, NOT in Piti (total mortgage = principle + interest + insurance + taxes / month ... requirement that can provide from 3 to 12 months. In order to doc Full usually 3 months or leass.
4) Keep it if you CLTV (combined loan to value) is $ 417,000 or less, you have a better interest rate. Then you start looking. And especially since the falling house prices, is forcast that in future, more homes to reduce inflation.
To prevent 5) Mainly Remember Remember that .... .... delayed start paying your credit card ... It takes at least 3 trade lines (accounts that are showin in your credit report) with one of those who show at least 2 years of credit history.
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