Securing a home loan with 2 incomes?
My credit is below average, however my wife has a credit score of 725. She makes around 60k a year, and I make around 75k. My question is: If my wife bought a house in her name, using her credit, would I be able to factor my income and monetary contribution into the amount of loan we would qualify for? Basically, would the bank factor my income into the equation without using my score? What would our options be……my income would qualify us for a larger loan, but if my credit score was brought in the picture it would bring our qualifications down.
You can buy a $200,000 house on her income alone. The minute you add your income, you add your credit…. and that means the loan will be rejected.
Bad Credit Loans Personal Loan Approved Today Auto Loans,Home Loans Dept Consolidation and More, visit us now and Apply Online Fast Easy And Safe
