We are engaged and would like to blend our families and lives. He owns a home and uses it as rental income. He has been preapproved for a second mortgage loan at 220k. He has good credit history, score of 750 and makes 70k. The house's we like are about 280k. I have fair credit and only make 18k a year. I have a school loan I make payments on, My car will be paid off in 3 months and the bad debt is settled but still I have a low score of about 400. What can I do to help us get a house? Will anybody consider my income, and is my income enough to get the additional 60k loan we need for a home?
WE DO HAVE A DOWN PAYMENT AND WE DO HAVE A CUSION OF SAVINGS. ONE CHILD IS PAID IN FULL AT THE CULLINARY ARTS SCHOOL AND THE OTHER IS AT A JR COLLAGE UNTILL HE DECIDES WHAT TO STUDY SO WE PAY AS HE GOES... THE THIRD WILL STAR IN THE FALL AND THE FUNDS HE NEEDS IN IN A SAVINGS ACCOUNT. MY BAD CREDIT IS FROM AN ACCIDENT I HAD SEVERAL YEARS AGO THAT LEFT ME WITH MANY MEDICAL BILLS BEYOND MY INSURANCE. I HAVE NO OUSTANDING CREDIT CARD DEBT I MAKE MY CAR PAYMENT AND MY TUITION PAYMENT ON TIME. SOME OF YOU ARE RUDE.... DONT RESPOND IF YOUR RUDE. THANK YOU TO THOSE WHO HAVE ACTUALLY GIVEN SOUND ADVISE AS TO HOW I CAN MAKE THIS HAPPEN. BY THE WAY THE HOUSE IS NOT NY DREAM HOUSE...ITS SMALL AND IN A SAFE AREA WITH A BEDROOM FOR US AND TWO FOR THE THREE ALMOST GROWN KIDS. RIGHT NOW I PAY 1800$ IN RENT AND HE IS PAYING 800$ IT MAKE 'S SENCE TO BUY NOT RENT.
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Answer by Jyoti P
will he co sign?
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he must really love you,you will be bringing him down in a big way
ReplyDeleteYou'll never know until you try but don't get your hopes up.
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