Those with bad credit should try their hardest not to rely on ccredit and debit to move into a home. Cash works for anyone, despite their credit score.
does home depot report to credit bureaus? I am trying to rebuild my credit.
The first thing you should consider is trying to get your credit in better shape. Obtaining a credit report, working with a credit counseling service and paying off old debts will certainly make your eligibility for a home loan more of a reality.
When you are getting a home they like to see your credit score 620 and above to get preapproved for a loan. But in order to get better rates for loans they usually want to see your score in the range of seven hundred. They may be more forgiving if this is your first home purchase.
Then the husband should move out.
Yes, but you will not get as much money as on a regular home, depends on the year of home, how it looks, if your credit is good you should get at least 15,000 to 20,000 credit line.
http://homebuying.about.com/od/buyingahome/qt/BuyBadCredit.htm this link has elaborated information regarding buying a home with bad credit. hope this would help you.
Geez...you know, you should work that out between you and your husband, and not ask a bunch of strangers on the internet.
There are lenders who specifically lend to borrowers with blemished credit but the homeowner will typically pay higher interest rates and fees. Borrowers should attempt to improve their credit before trying to refinance by lowering debt and clearing up any inaccuracies that may appear on their credit report.
Just the loan holder (You) will be affected by this on credit reports. You two were wise to protect his credit so he comes out A-1 even though your credit is destroyed. Now you can use his excellent credit to secure a new home.
NO!! she can go where she wants
There are several places one can look if one is trying to obtain a mortgage and has bad credit. Mortagedigger, realator, and homeloanlearning center are good places to start.
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.