also have bills? what i mean is that husband and I have a nice savings fromthe wedding but need to save more $$ for a down payment. however, we have carpayments, student loans, credit cards- me especially.. i am paying off a loan for the next four years b/c my cc were so high. does this have an effect on your approval? i have good credit, hubby did not inthe past and is trying to fix up..
swags1016
Posted:
Member since
Re: those of oyu buying houses, do you.
I have about 20K+ in student loans, we have a car payment but we paid off all of our credit cards before the wedding. From what I understand it is HOW much debt that you have and how you pay it that affects your approval. If your debt exceeds a certain percentage of your income then it can make getting a mortage difficult. I am not sure about the actual percentage. I would talk to a mortage broker it can't hurt.
Kosta's Kitty
Posted:
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Re: those of oyu buying houses, do you.
I've also heard that they do not investigate your credit history and debt as much as they do if you put down less than the 20%.
Valentinegirl
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Re: those of oyu buying houses, do you.
Hi Kristi! We both have bills and got a loan. We both had excellent credit though. If you don't pay your bills late, you should be ok. Have you talked to a mortgage person yet? They can let you know if you will be able to get a loan. FM me if you need anything. Karissa
kdelace
Posted:
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Re: those of oyu buying houses, do you.
thanks for all of your input. were going to talk to a broker in a few weeks. its hectic now with both of us working, going to school after- him for Masters, me taking classes to increase calary and he coaches lacrosse. so we havent had time to look. but i was just curious.
