My wife and I are very interested in a few houses that have recently become available here in town but we have a little credit card debt to speak of at the moment. We were wondering if the FHA offers any kind of debt relief programs through consolidation of that debt into a home loan. We are first-time home buyers and we've been told by some local lenders that all of those programs have ...
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I have been married for about one year and we want to buy a condo, but my spouse has bad credit that will hold us back on a good loan. My credit is good. Can I apply for a loan on my own, for the purpose of buying a house as a married person? I would need to borrow about $250,000. I am a teacher (15 years).
I am 25 years old and would love to purchase a home in the near future. I am currently renting. I am a teacher and I have some bills from school, moving expenses, car payment, etc. I was wondering if I would be able to get a home loan and enough extra money to consolidate all of my bills into one payment along with my mortgage? Is this possible?
1) What is vintage basis? 2) What is the difference between subprime vs non-traditional mortgage? 3) “A paper” vs subprime? 4) Retail vs wholesale mortgage? 5) A private mortgage?
I am 26 years old, and currently in a credit counseling program. I desperately want to purchase a home. I currently pay $657/month in rent. This is driving me nuts knowing I am wasting so much money. How can I prepare myself to purchase a home? My financial advisor told me I will have to wait until 5 years after my debt is paid off to get a good rate on a loan. Is that true?