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Yes, if both people apply for a joint loan, both credit reports will be used to determine the elgibility of the borrowers.

2005-06-09 16:26:51
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Q: If you have bad credit but your fiance has good credit how will you be affected when applying for a mortgage loan?
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Will your good credit be affected negatively when obtaining a mortgage with fiance who has bad credit assuming that all mortgage payments are paid on time from day one?

It shouldn't be, but then credit bureaus are rather notorious for errors in reporting. Generally debt incurred separately is reported as such. Joint accounts may or may not appear on a report as joint debt. Any problem that arises might be with the lender rather than the CRA's.


If your fiance has already been approved but you are not working right now can he put your name on the mortgage?

In order for your name to be on the mortgage, you would have to be a co-borrower, in which case your income, credit and liability information would have to be considered in qualifying the mortgage.


My ex-fiance and I bought 2 cars together he is primary and I am co-signer for both we are now separated and we will each be keeping our own cars how will i be affected if he doesnt make his payments?

Your credit rating will be negatively affected. As both of you are equally responsible for the loan contract, both of you will be equally affected. Negative notations on your credit report will result in a lower credit score.


What is the process of applying for a fiance visa for your fiance in Mexico and how long will it take before you can bring him here legally?

Application Procedures: Bringing a Fianc


Can my name be added to a mortgage if an offer hasn't been made yet on a property but the mortgage is set up in my fiance's name?

If the offer hasn't been made yet, there is no mortgage, your fiance is simply pre-approved for a certain amount. Until the deal actually closes, the mortgage isn't in effect.Most lenders would not have a problem with adding an additional name; it's one more person they could theoretically go after if the mortgage defaults, and if they're willing to bet that your fiance can make the payments, betting that between your fiance and you you'll be able to make the payments is kind of a no-brainer.


Fiance was illegally married can he still be given k1 visa?

Illegally married? You mean the fiance was an "Illegal" when he married? If the fiance was married then the fiance's marriage must be legally concluded (divorced) before applying for a K-1. They also must exit the US to qualify for a K-1.


If you marry your fiance in another county while awaiting a fiance visa what happens?

The very purpose of your Fiance visa becomes redundant. you cannot get the fiance visa any more!WHen you fill out DS 156K, there is a question saying you cannot get a fiance visa if you are already married. There are other ways like a K-3 visa, but if you are applying for a K-1, why not wait till you finish up? Why pay your lawyers thru the nose- AGAIN?


What is feminine of fiance?

The feminine of fiance, is simply fiance.


What does the K1 Fiance Visa mean and who is affected by it?

A K1 visa is issued to the fiance of a United States citizen. It gives the foreigner permission to enter the US. The person must then marry their fiancee within 90 days of entry to the country.


How will your past bankruptcy effect your fiance?

It won't affect your fiance' directly unless you share a loan that you're filing on. Otherwise, s(he) should know that you filed bankruptcy because your credit is going to be negative for quite some time. This could affect your fiance' in time when you have a place together and want or need to finance.


If you and your fiance want to get a joint bank account but he has filed bankruptcy in the past will this affect your credit?

It shouldn't impact your credit rating all. However, his bankruptcy will remain on his credit for up to 10 years. If you get married and try to buy a home for example, then his credit rating will affect both of you.


How does a none immigrant fiance apply for a none immgrant fiance?

How does a none immigrant fiance apply for a none immgrant fiance?


Who is Rihanna fiance?

rihanna does have a fiance.


What is the synonym of fiance?

ex fiance


Feminine of fiance?

that means the girl of fiance


What should an engaged girl call to her boy fiance or woodbee?

He would be your fiance. Example: This is my fiance John.


What bank would fiance a loan with a bad credit score?

There are not very many banks that would help you finance a loan with a bad credit score. You should visit www.fastupfront.com/bad_credit_business_loans.html for more help acquiring a bank that would take a bad credit score.


What is the feminine of fiance?

Femenine- fiancee Male- Fiance


How do you write fiance in Spanish?

Fiance in Spanish is novio


Who was Hendrix's fiance?

He never had a Fiance, he only had girlfriends.


What is fiance in Tagalog?

Tagalog translation of fiance: kasintahan


Where is jana duggar's fiance a minister?

She doesn't have a fiance.


What is the price for bringing a fiance into the us?

USCIS Form I-129F, Petition for Alien Fiance must be filed for fiance visa. Filing fee for a fiance visa is $340.


You have 521 score with 1 charge off and make 3000 and put out 900 per month and your fiance has 720 score and makes 1500 and puts out 300 per month. is there any hope for a mortgage for us?

Sure, there is always hope. Contact a mortgage broker in your local area.


Can I add my fiances name to my deed so he can apply for a home equity line of credit in his name since my credit is poor and I am currently the only name on the mortgage and the deed?

You must ask yourself if you really want to give up your home as collateral for a loan for your fiance. You should consult with an attorney who can review your situation, advise you of your options and explain the consequences. If you have poor credit perhaps you should not be borrowing more money that could result in your losing your home.You must ask yourself if you really want to give up your home as collateral for a loan for your fiance. You should consult with an attorney who can review your situation, advise you of your options and explain the consequences. If you have poor credit perhaps you should not be borrowing more money that could result in your losing your home.You must ask yourself if you really want to give up your home as collateral for a loan for your fiance. You should consult with an attorney who can review your situation, advise you of your options and explain the consequences. If you have poor credit perhaps you should not be borrowing more money that could result in your losing your home.You must ask yourself if you really want to give up your home as collateral for a loan for your fiance. You should consult with an attorney who can review your situation, advise you of your options and explain the consequences. If you have poor credit perhaps you should not be borrowing more money that could result in your losing your home.