 Why wont estate agents leave you alone?? |
| Why is it that my husband and i gave 3 estate agents our details and told them under no circumstances do we want to be put on the mailing list, the reason being, that they never send you anything ... |
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 I might sound like a idiot but........? |
| is there anyway you can have two apartments in your name?... |
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 What percentage of your income should you spend on a mortgage? I dont want to overextend my budget? |
| Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 2... |
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 My landlord took me to court so he could legally evict me from his premises.? |
| So my eviction was for Sat., Oct. 15, 2006 @ midnight. Around 1:00p.m. that Sat. I came home to 6 people, the landlord, his 2 old enough daughters, step-son & his wife, as well as his friend, ... |
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 What does this mean for people who have their mortgage with IndyMac? |
You need to see this article to understand the question
http://news.yahoo.com/s/... |
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| We were suppossed to move in yesterday (10/1). Got keys from old tenant on Saturday when we moved our bed (it got delivered) in after they had all their stuff out and were leaving. They were ... |
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 Mortgage advice? |
| My job is fairly low paid (16k), I am in the process of looking for another one as is my partner. I have a reasonable deposit (20k). The thing I want to know is what companies are likely to take me ... |
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 Central heating not working properly - shall we pay the full rent? |
Hi,
We rent a house which has gas central heating. The thermostat is broken, so we cannot set a certain temperature. We have to turn the heating on manually, which then will go on full power. T... |
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 Can the landlord keep me from putting a fence up? |
| I am renting an apartament with a small yard in front and the side of the building. I wanted to put the fence up to keep our baby from running out to the street. The lanlord is telling me I can'... |
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 How Can I Get Onto The Property Ladder??? |
| What are the best first steps to take, for a complete novice like me???... |
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 How much of an influence does a co-signer have on a loan? |
| My husband and I can easily afford the house of our dreams. However, we have limited..not BAD...but limited credit history. As we are young. Will having a co-signer with excellent credit help us with ... |
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 Is a manager allowed to say you are being evicted to a potential new landlord? |
| The manager of the complex i am currently living in told a landlord who was doing a reference that I was in eviction? Is this allowed in the state of california?... |
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 How much do I have to charge as a deposit of rent ? |
| We own a duplex in Washburn Missouri, vlose to Cassville , like 30 mints from Joplin, Its open land, normal size, 1 bedroom, living room, heather, we are just replace the carpet and paint the place, ... |
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 Landlord didnt return the security deposit back???? |
HI,
I stay in California, I moved from my apartment on january 1st by giving a verbal notice to landlord on december 5th.
After we moved, when my dad asked him for security ... |
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 Should I hire an unlicensed roofer? |
| I finally found a handyman who has been great -- does a good job at a very reasonable price. However, he's unlicensed & uninsured...has his own little "business" with little ... |
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 Is this a good rate on my mortgage? |
100 Percent financing.
30 Year Fixed rate
6.0 Percent interest
$170,000 loan on a duplex in Great Falls Mt 59401.
No pre-payment penalty or any "hidden suprises"
... |
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booby | Question about a co-signer on a mortgage...? |
Me and My fiance are about to buy a home togother. My credit score is good ( around 700) . However, she lacks credti history and had some problems when she was a little younger....so her credit is around 600 I guess..
If we apply for the mortgage toghther can they just put my name on the loan if it helps the rate? The problem is that I could never afford the mortgage on my own without her income ( which is about the same as mine).And of course she wants her name on the house deed as well.
What do banks do in these cases? |
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mike_alegend
 |
It should not be a problem with both of you on the mortgage. You are better of that way anyway. Just make shure you are the one who makes shure it gets paid on time. |
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aj1020
 |
Your best bet would be to talk to a lender directly. My husband and I are about to close on a house we're purchasing. When we started this process, we had this credit-monitoring thing that showed us our credit score each month. Come to find out, mine was much lower, and his was much higher than this credit monitoring program was telling us.
When you apply for a mortgage, the lender will take your credit reports and scores from all 3 major credit reporting agencies (TransUnion, Equifax, and Experian). They then take the credit score in the middle (not the average, just the middle one). So if your scores come back at 733, 709, and 753, they'll take the 709 score.
The bank will be able to give you options for the best type of mortgage that fits your situation. We were given the option to have the mortgage applied for in one name, and then the other person added later to the deed. But they will give you options for your specific situation and area. |
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Apples to Apples
|
They would probably do an average of the two. You should still be able to get a reasonable interest rate with a score of 650. The problems really occur when your score falls below 620. |
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mortgage help
 |
yes, that will help out greatly... except now YOU have all the liability and she gets all the benefit. Apply for a no doc, or no ratio loan so you can qualify. |
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mazziatplay
|
Sn general, FNMA (Fannie Mae, one of the major mortgage securities who establish lending guidelines) has more stringent guidelines for underwriting and approving loans where the lowest scoring borrower has a middle credit score of less than 620. And that is how the qualifying credit score is determined, by the lowest scoring borrower's middle score.
For your fiance's income to be used in qualifying, she must be on the loan with you.
A great deal will be determined by how much you have to put down on the house as lending is a risk perception activity. The less you put down, the tighter the approval guidelines.
Because you are so Strong credit wise, it may be OK but it is hard for me to tell without more information.
Feel free to email me |
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vegas_iwish
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If your income can't cover the mortgage you would not be accepted. Have to work it through with both names. |
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pattibcacl
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yes you can get the loan but in your name maybe hers too and a good steady job good luck |
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Yanswersmonitorsarenazis
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There's a good chance that your application will be approved with the two of you together, unless she has large outstanding collections or something that's still out there like that.
There's plenty of alternative products that would qualify you based on the primary earner's score, so hopefully you're making just a little more than her?
If you were my client, I'd try to run it together first. If that didn't work, I'd look at primary score products. In a very last resort, I'd consider a no ratio product in just your name. She could still be on title even if she's not on the financing. And when you get married, most states give her marital rights anyway. |
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iceman
 |
Well, to start if her credit score is 600 and yours is 700 you very well might be approved for most loans right off the bat. 600 is not horrible, its just not great. They may weight your credit score more heavily, alot of banks do that. Now if her score is 500, you may have issues. But there are alot of ways around it.
Im not sure of all the technical terms bank use for this, but they have ways to just put your name on the mortgage, but still factor the combined income while putting both your names on the house.
Which means YOU are legally responsible for the entire mortgage if anything happens, so watch out it can be risky. |
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