Built Fla
Built Fla
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BUILT TO SPILL LTD ED FLA 03 CONCERT POSTER DWITT $15.00 |
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FLA ST AUGUSTINE US POST OFFICE BUILT IN 1600 $7.50 |
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MINOLTA F10 BF 35mm CAMERA WITH BUILT IN ELECTRONIC FLA $4.99 |
need a 300,000 Mortgage, my credit poor, can a family member start off with the loan and when im ready i take?
I would like to buy a house with my boyfriend (we will be married next year) but both of our fico’s is on the low side, we are working to build them back up, it just so happend that i found my dream house, under GREAT terms before we were able to. Can any one help me, I live in Palm Beach County Fla.
yes… in a manner of speaking. Depending on your own situation, you two may be able to qualify on your own. Fannie Mae has recently relaxed their guidelines to include some people with lower credit, especially in the purchase area. However, if you DONT qualify… you can get a house with your parents lets say, and maybe one of you can be a “co-borrower”. In a year or so, when your credit reflects good payment history in your name, you can refinance and get a new loan with the two of you and take the parents off the loan.
Another option would be to have the loan solely in someone elses name, but keep both yours and his name on title. This takes one year before it is considered “vested interest” meaning you would be able to refi in your name… one catch, you need a documented trail showing that YOU make the payments, not the noteholder (parents).
Hope this helps, if you have questions… click on my profile and send me an email. I’d be happy to answer them for you.