plan on getting married, I have bad credit, she good what is best option?
we want to get married and buy home together, but I am repairing my credit score and she has already been pre-approved for loan. What will be better waiting until I bring up score that way we both apply or letting her do it alone?
Tags: Credit, Getting, Good, Best, Option, married, PlanRelated posts:
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Let her do it, if she can afford to do it alone, if you really want a house badly. You work on getting your own score up.
Let her do it. You can have your name added later but not on the loan. Also , if something happened in the relationship, she would have the house. OR you can ask to be put on the loan later if you ever wanted to refinance when your score is better
let her do it alone. The fact is that once you are wed you will in most states have a vested interest in the home just by living there. The second reason is your income is not in this equation at all so if one looses their job or something else happens life goes on and the bills get paid and you are not the next foreclosure in the wings.
Work on your scores and set up emergency funds for pure emergency use and replace asap when used. See with ownership come up keep and repairs to any home let alone a wife wanting to remodel the home down the road. Live well with in your earnings and you will live well
I am a mortgage banker in TN