I am looking to re-locate w/ my girlfriend out of state. She makes 50,000 a year, and I will be making 45,000+ a year. She has a credit score in the 700-800 range, and I am in the 600 range. We want to buy a house. She doesnt know this, but i am going to propose if I get the job out of state. She will say yes..lol..I know this. The basis of question is how does a mortgage/loan application work when you are engaged? We are only looking to buy a house in the 100,000 - 150,000 range. We can certainly make that work w/ our incomes. Our credit card debt is around 2,000. However we do not have money to put anything substantial down on a down payment. (unless I tap my 401k). Can anyone offer any advice? We are 100% wanting to buy a house vs renting.
2007-10-11
08:00:54
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7 answers
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asked by
podzman
1
in
Renting & Real Estate