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If your husband has a mortgage in his name only and was 60 days late how can the mortgage company put it on your credit report and add your name to the loan when you never signed anything?
Wiki User
∙ 16y ago
The mortgage company can not add your name to a loan that you did not close on. However.... Several states allow companies that extend credit to hold both spouses liable if they are married at the time the debt was incurred.
I would recommend that you talk to legal counsel in your state if you are in this situation.
Wiki User
∙ 16y ago
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My husband cosigned for my 2nd mortgage and he is not on the first mortgage. if we have the same lender for both mortgages and we quit paying on the first mortgage how fast will his credit be impacted?
Since he is not listed as a borrower on the first mortgage his credit is not affected by paying or not paying that mortgage. Even if both loans are with the same company, he is only held responsible for the loan in which he signed.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
How can you get the best mortgage rates?
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.
Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?
There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.
What are the national averages for mortgage rates for people with bad credit?
The national average for mortgage rates for those with bad credit is currently about 3%. Round Point Mortgage company currently has one of the lowest rates.
My husband cosigned for my 2nd mortgage and he is not on the first mortgage. if we have the same lender for both mortgages and we quit paying on the first mortgage how fast will his credit be impacted?
Since he is not listed as a borrower on the first mortgage his credit is not affected by paying or not paying that mortgage. Even if both loans are with the same company, he is only held responsible for the loan in which he signed.
Can the bank go after my husband's money and credit for my non payment on my mortgage if the property was purchased before our marriage and my husband is not on the loan or deed or mortagage?
No. Your husband has no obligations or liability regarding your mortgage.
What can you do if you report to a credit card company that your husband took a credit card out in your name and you reported it to them and they did nothing?
If you are married, your husband can definitely apply for a credit card in your name. This is commonly done. Some husbands make their wives as supplement to their credit cards or apply for a separate card. So, the credit card company may not find anything wrong with what your husband did. Not unless, you and your husband are having problems, then if you have a case, better report it first to the proper authority before you approach the credit card company with your complaint or case.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
How can you get the best mortgage rates?
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.
The mortgage is in husbands name but wife is on the deed. Can a credit card company put a lien on the house if the husband owes the credit card company?
You have asked a complicated legal question and the answer depends on the details and the laws in your particular jurisdiction. The answer may differ in a community property state or if the credit card debt benefitted both husband and wife. The lien may be successful depending on the aforementioned factors.
Your husband has 3 acres in his name but not mine will it be difficult to get a mortgage?
It shouldn't affect a mortgage. The mortgage will be based on the credit worthiness, the down payment, the ability to repay the loan of the people who apply for the mortgage.
Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?
There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.
Is it possible to refinance an ARM with a mortgage company given the credit crisis?
It is possible to refinance an ARM. The options available vary by customer and their history with the mortgage company.
Do you qualify for the 8000 credit if you go through a conventional mortgage company and not FHA?
Yes. Whether you have a mortgage or not or where you got it is not relevant.
What are the national averages for mortgage rates for people with bad credit?
The national average for mortgage rates for those with bad credit is currently about 3%. Round Point Mortgage company currently has one of the lowest rates.
Can you have 2 mortgage loans through same mortgage company?
Yes. Your mortgage company may hold your first (or primary) mortgage as well as a second which may be represented as a home equity loan or a home equity line of credit.
