Help Debts

Posts Tagged ‘home loan’

I just pulled our credit reports and I have a few questions!!!

1. If my husband is the only one employed should he be the only one on the mortgage (when we apply)

2. My husband is 8,000 in debt. 16,000 if you include his truck. But we make monthly payments of 340.00. It will be payed off in January 2011. I do not work and we have set up our accounts and everything to be debt free (aside from the truck) by the end of the year! He makes 47,000 a year not including overtime. I know it will be hard but we need to do this! Will we be able to be approved for a home loan when we don’t have this debt or should we wait a while?

3. I would like to do 100% financing. Is this a bad choice?

We are only 20 and 21. So we have a while right?

Thanks )
Oh yeah. Right now our credit is in the lower 500′s. Will it go up a lot when every thing is paid?

I realized that no matter how much I have in my bank and in my wallet… I am still broke! My cash in my wallet is about and my bank has about 00. But my total debts in credit card and home loan is about 0,000. Therefore, 05 minus 0,000 is how much I really have. I seriously am broke! How about you?
I bought my house recently. I might have K in equity.