need a 300,000 mortgage can my bad credit, start a family member with the loan and when I finished taking it?

Deal Score0

I want a house with my friend (we’ll get married next year), but our two Fico buy cheap, we take it again, it happens that I have my dream home is in excellent condition before. Can someone help me, I live in Palm Beach County, Florida
. Why Bush / ask orders Fannie Mae $ 440 billion in housing loans, the minorities do in 2002 is the official press release of the white Hauses.http: / / georgewbush-whitehouse.archives.gov/news/releases/2002 / 06/20020617. html Bush appoints the management of Freddie Mac and Fannie Mae and “asked” its agents to 440 billion dollars in loans to poor minorities. He also requested $ 2.4 billion in tax credits (corporate welfare) for builders who build low-income housing. And requested $ 200 million a year, pay for mortgage closing costs. (If the president to appoint your work and ask you something that a lot is when a job that you want to do to keep your job) That’s what Bush said in the press release: “Today President Bush has a new target to increase the number of minority homeowners by at least 5.5 million before the end of the decade. Agenda The Chairman of the Housing aggressive help reduce barriers to homeownership through with funds, increasing the supply of affordable housing, more support programs to support ownership groups, and simplifying the purchase of a house and increase the President Bildungschancen.Der, the exhibition “America’s Home Ownership Challenge” in real estate and mortgages, in its efforts, the number of minority homeowners by 5.5 million families. increase by the end of the decade to join many organizations have already done the President’s challenge by committing to respond, “essentially of at least $ 440000000000, financial commitment by the government-sponsored enterprises in the secondary mortgage market participants, in the direction of the desired increase minority market, “The President wants to dramatically increase the supply of housing available to low and moderate income. The President has the single-family and affordable housing tax credit, which is on offer for sale $ 2400000000 production of 200,000 affordable housing, encourage low and middle income proposed. “Did you know that major donors to Bush were subprime lenders, real estate developer, and President of Finance is one of the largest manufacturers in America … His name is Dwight stripes and lives in a villa than 70 million Palm Beach.Wussten sure cousin Herbert Walker Bush, Vice President of Goldman Sachs department billion in paris that these people would not repay their loans has been placed . coincidence? No Crime of the Century. Yes.

8 Comments
  1. Reply
    Fatty
    February 18, 2011 at 6:20 pm

    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.

  2. Reply
    Cheryl G
    February 18, 2011 at 6:27 pm

    If a family member signs for the loan, the family member owns the house. You can’t just take it over when you’re ready. It’s a bad idea to buy a house with someone to whom you are not married. I’ve seen so many of these situations go sour. Just wait. Work on your credit scores for the next year and get both yours and his improved. THEN go looking for your dream house. As hard as it is to accept, you’ll be much better off. And the prices are declining, especially in PBCounty, so you may be able to get even more house for your money. A little patience now will reap you big rewards later.

  3. Reply
    brewer_engineer
    February 18, 2011 at 7:07 pm

    Although I’m sure there are mortgage brokers out there that will tell you different. Do you really NEED a $ 300k mortgage right now?
    A couple of years does not a lifetime make.
    Take a look at what your monthly payments will be at the following link…….then think really hard.

  4. Reply
    Happy Halloween! - Nikki
    February 18, 2011 at 7:57 pm

    Because he was as economically stupid as Barney Frank is.

    And frank is still there.

  5. Reply
    Okai
    February 18, 2011 at 8:04 pm

    Interesting, but most subprime loans were not made to minorities or poor people, white, black, brown or other.

  6. Reply
    Me J
    February 18, 2011 at 8:57 pm

    Why do you insist on posting this over and over and over and over and over again?

  7. Reply
    alan
    February 18, 2011 at 9:07 pm

    this bill was made up by jimmy carter 1979 and enacted by bill clinton . bush had no way to stop the bill as it was enacted before his presidency. hey good try on the blame game .

  8. Reply
    Vanity
    February 18, 2011 at 9:54 pm

    I would say that it made way for the rest of the story and this was the prelude to more to come….artful cons.

    Leave a reply

    Register New Account
    Reset Password