Skip to main content

First house/ credit

Hi everyone. My husband and I would like to buy a house in the next few months, we found a house that I absolutely fell in love with so l went through all the necessary steps and spoke with a lender to see if it was even achievable (we were looking to buy a house I just happen to fall in love with this one and it was a good price) The lender came back to me and said our debt to income and everything look great BUT we need to raise our credit a few points. Now my husbands score is low, 540 I think, mine is also low but not from bad credit I just don't have any credit, mines at a 590/600. Lender told us to pay his credit card down to $40 but also said to open 2 credit card, she said it should be joint or both be in his name. She said this could take 30-45 days and I can reach back out so she can run the report again. Can you really build your credit a few points in that time frame? I can only hope the house I love stays on the market for that long but if not, it just wasn't meant to be. My question is is how and what credit card can he/ we get since the credit is so low it's not likely to be approved. And why should it be joint or just him? If we get one joint and one for me will that not help as well? He already has one credit card and I have none. Please help. Any insight and advice is much appreciated. 2 linkedin Officia Promote

submitted by /u/Far-Ad-2028
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ijuiaj/first_house_credit/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more