Asked 06/04/2009 09:55 am CT (Asheville, NC)
I have scores of 513, 560, and 548. I am currently trying to clean up the CB scores and expect this to improve somewhat. My husband has 568, 580, and 598. We have an income of 76,000 per year, i have been employed 2 years, him 1 and a half. We have had no late payments this year. We have only student loans as debt, but its about 50,000 between the two of us, the payments around 345 between us per month. We have a landlord willing to write a letter that we have been on time every month, can show statements of our electric, phone, and cell bills, all current for the past year. We have a down payment of 3500, and we have closing costs. We want to buy a house in our neighborhood for 158,000. any chance we can do this PRIOR to the end of the year???
Yes, but you need to get your scores at or above 620. Credit score standards have become more stric...
[ Total Answers: 1 ]
Asked 06/01/2009 01:27 pm CT (Mansfield, OH)
I went through a bad divorce in 2001.And I ended up with all of the dept.I had to file bankrupptcy chapt 7 I think.Well.with the economy I lost my job in November 2008.Had a house fire in December 08 2 weeks before x-mas.Well we lost all of our vehicles 3..and we are getting sued by ins comp ,student loans,the leftover balance on vehicles.We can not even keep our head above water.We are sinking.My question is.Can we file bankruptcy????We have no other choice.It is at a point where it is taking a toll on my husbands health?
Asked 01/18/2009 04:24 pm CT (Plano, TX)
Feel free to email me back. My question is:
I have accumulated a total debt of approximately $60k with a net worth of roughly -$16k. The debts are with numerous companies for numerous reasons including credit cards, auto loans, student loans, etc. What I want to know is, with the current foreclosure market being like it is and so many homes being "dumped" so cheaply and under value, is it possible to find a home with a built-in equity to purchase that I can turn around and finance my other debts into the equity on the mortgage loan? I would consider it the opportunity to buy a home, while also "consolidating" my debts into the remaining equity of the home and reducing my number of payments and overall payment amount. Does this sound like a realistic and possible scenario that can be pursued?
Hi. Regarding your question about taking equity out to consolidate your bills you must h...
[ Total Answers: 1 ]
Asked 03/12/2008 07:34 pm CT (kitchener, Ontario)
Hi, I was wondering if you could help me with some information.
I make $30,000 a year and have near perfect credit , no debts other then $1000 on a Credit Card and payments of about $15 a month , My work covers all my Cell phone bills , Gives me a Car and Fuel card , plus all upkeep , The only real bill I have is Rent.
My Girlfriend on the other hand , has recently gone though a bankruptcy in the last 2 years. Has some Student loans and is trying to re-build her credit but don't have much of a new history since the bankruptcy. However she makes 50,000 a year and pays all the bills for the place we rent no problem.
We are planning on buying a home in the future but are not sure what are price range would be.
I have been looking into putting it just in my name but all the online quote calculators I try give me low numbers.
Any info would be great.
Here is how it works if the BK is over 24 months and with a good letter of explanation both of you c...
[ Total Answers: 1 ]
Asked 01/13/2008 08:36 pm CT (Centerville, OH)
My husband will hopefully be attending medical school this coming Fall in Oklahoma. We will both be students and neither of us will be working. Our only income will be student loans / financial aid. We would like to buy a house but are unsure whether or not we can even get approved. We will not have a cosigner. Do you have any advise or input on our situation?
Asked 04/03/2006 12:46 pm CT (union, NJ)
I have approximately 12 years left on my fixed rate mtg. I would however, like to place the house in both my and my daughter's name instead of my spouse. My daughter is a pofessional with good income and minimal debt ( only student loans ) my husband is not in the best of health and has fallen on hard times professionally. Is it necessary to reapply for a new mortgage or can the existing one be changed?
Do you want yourselves on title or on the mortgage or both? If you just want to be on title follow t...
[ Total Answers: 3 ]