Can I get loan with my fiance? It has good credit, good paying job, my low credit score low income?

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We are committed and want to merge our families and life. He owns a house and uses it as rental income. It has pre-approved for a second mortgage at 220k. He has a good credit history, the score of 750 and is 70k. The house is like we are about 280k. I just credit and do 18k per year. I have a student loan I make payments on my car will be paid in three months and pay bad debts, but I still have a low value of about 400 What can I do to help us to a house? Will someone check my income and my income is sufficient to cover the additional loan, we need to get 60k for a house? We have a deposit and we have a cusion of savings. A child is paid in full school of culinary arts and the other at JR COLLAGE to know what to study how he will pay, we decided … The third is in the fall and the resources they need in a savings account STAR. My Bad credit is due to an accident, I was a few years ago I had so many medical expenses for my insurance. I DO NOT FLOW credit card debt is my car payments and pay my tuition on time. Some of you are rude …. If you do not RUDE RESPONSE. THANKS TO ALL THOSE WHO can really be stable AS advise how I can make it true. Moreover, the house is not NY DREAM HOUSE … its small and in a safe place with a room for us and two to three adult children closely. At the moment I pay $ 1,800 for rent and he does not rent costs $ 800 MAKE IT ‘S purchase decision point.

  1. Reply
    Jyoti P
    January 27, 2011 at 2:27 am

    will he co sign?

  2. Reply
    michael o
    January 27, 2011 at 3:18 am

    he must really love you,you will be bringing him down in a big way

  3. Reply
    January 27, 2011 at 3:21 am

    There is a reason that banks do pre-approval levels. It’s because that’s what they think you can afford, and honestly, they are usually higher than they really should be (which is why so many people can’t afford their homes these days). Your income might boost it up a little bit, but the addition of your poor credit will likely hurt the interest rate you can get on the loan. But you really need to figure out what you can afford, not what you like.

    As a banker, I am considered somewhat conservative in my lending, and I always get scared of borrowers who are more worried about how to get their approval increased so they can get a nicer house as apposed to those who are more worried about what type of payment they can afford.

  4. Reply
    January 27, 2011 at 4:18 am

    You’ll never know until you try but don’t get your hopes up.

  5. Reply
    January 27, 2011 at 4:59 am

    I take it from your question that you don’t have a cash down payment for this house you want to buy. That tells me a couple of things. One is that your finances are already pretty much maxed out with your current earnings and expenses. The other is that you don’t have a large cash cushion.

    I know it is fun to dream about the home you want to buy. And I know it’s hard to resist getting your dream home your first time out. However, I think that instead of focusing on how you can get more credit, you and your fiance should sit down and evaluate what you can really afford. There is nothing wrong with starting out in a house that is a little bit smaller or a little bit outside of your target neighborhood. Making conservative financial decisions early in your marriage is the best way to insure that you can achieve your long term goals.

  6. Reply
    January 27, 2011 at 5:07 am

    Talk to the lending institution where he got prequalified. Adding you to the application is unlikely to raise the amount he/you could borrow. A score of around 400 isn’t “fair credit’, it’s bad. Sounds like you need to save up more for a down payment, or look at lower priced houses.

  7. Reply
    January 27, 2011 at 5:26 am

    Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service –

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