Sigh. help please. - Home Sweet Home

Tiffy · 06-01-2009, 07:21 PM

D's credit is wicked bad. I just checked it

. My credit is a 745. We were planning on purchasing a house in September. With both of our incomes we can afford a much more expensive house than I could get on my own, but I'm guessing his credit score would cause us not to be approved for as much or have a much higher interest rate?? Is that so, even though my credit is great.

If I apply on my own would I be able to put bah as additional income or whatever?

or if he is a co-borrower does his credit even matter? I hope I'm making sense...

Tiffy · 06-02-2009, 10:43 AM

BubMunkeyBles · 06-02-2009, 02:08 PM

We were going to put a house only in my DH's name and just claimed both our incomes... I would talk to a financial specialist maybe (realtor or USAA maybe).

Tiffy · 06-02-2009, 05:12 PM

Thanks, hun!

Kris · 06-02-2009, 05:15 PM

if you are going to use both your incomes they will have to pull his credit and it will report on it and hurt you.

You can try to pay off all his bills, it is helpful to have everything payed off they look at that as a positive thing and can look past the bad score (they did with dh)

Also if you are wanting to use VA you are going to have to use him on the loan (it will help you get a lower rate)

Tiffy · 06-05-2009, 05:54 PM

Thank you!

06-01-2009, 07:21 PM	#1 (permalink)
Tiffy Formerly Miss ♥ Join Date: Jun 2008 Location: Virginia Posts: 5,325 Classifieds: (2) Activity: 80% Longevity: 24%	Sigh. help please. D's credit is wicked bad. I just checked it. My credit is a 745. We were planning on purchasing a house in September. With both of our incomes we can afford a much more expensive house than I could get on my own, but I'm guessing his credit score would cause us not to be approved for as much or have a much higher interest rate?? Is that so, even though my credit is great. If I apply on my own would I be able to put bah as additional income or whatever? or if he is a co-borrower does his credit even matter? I hope I'm making sense... __________________ Biggest Loser Team Green! Last edited by Tiffy; 06-01-2009 at 07:51 PM.

06-02-2009, 10:43 AM	#2 (permalink)
Tiffy Formerly Miss ♥ Join Date: Jun 2008 Location: Virginia Posts: 5,325 Classifieds: (2) Activity: 80% Longevity: 24%	__________________ Biggest Loser Team Green!

06-02-2009, 02:08 PM	#3 (permalink)
BubMunkeyBles MilitarySOS Jewel Join Date: Feb 2008 Location: Me- Tampa, FL, DH- Aviano AB Italy Posts: 6,550 Classifieds: (0) Activity: 82% Longevity: 29%	We were going to put a house only in my DH's name and just claimed both our incomes... I would talk to a financial specialist maybe (realtor or USAA maybe). __________________ Stephanie

06-02-2009, 05:12 PM	#4 (permalink)
Tiffy Formerly Miss ♥ Join Date: Jun 2008 Location: Virginia Posts: 5,325 Classifieds: (2) Activity: 80% Longevity: 24%	Thanks, hun! __________________ Biggest Loser Team Green!

06-02-2009, 05:15 PM	#5 (permalink)
Kris Finding strength one day at a time Join Date: Aug 2006 Location: Suffolk, Virginia Posts: 16,526 Classifieds: (2) Activity: 63% Longevity: 55%	if you are going to use both your incomes they will have to pull his credit and it will report on it and hurt you. You can try to pay off all his bills, it is helpful to have everything payed off they look at that as a positive thing and can look past the bad score (they did with dh) Also if you are wanting to use VA you are going to have to use him on the loan (it will help you get a lower rate) __________________ Yes I know I am smoking hot

About Us

MilitarySOS Shortcuts

MilitarySOS Help

About MilitarySOS

06-05-2009, 05:54 PM	#6 (permalink)
Tiffy Formerly Miss ♥ Join Date: Jun 2008 Location: Virginia Posts: 5,325 Classifieds: (2) Activity: 80% Longevity: 24%	Thank you! __________________ Biggest Loser Team Green!