how do i buy a house without using my own credit?
2006-09-19 06:14:40 · 9 answers · asked by BIGSKELTER 1 in Business & Finance ➔ Renting & Real Estate
Pay cash
Have a purchase agreement with a relative (they buy the house, you pay the mortgage, you both split the equity)
Lease with option to buy
2006-09-19 06:24:20 · answer #1 · answered by pknutson_sws 5 · 0⤊ 0⤋
Search for properties that the seller is willing to carry a note for you! Real Estate agents sometimes specialize in these properties and will find one for you. If you choose to do this you can qualify for a 1st mortgage and regardless of what you qualify for the seller will carry the remainder for you - they will pay closing costs for you as well. Good luck to you!
2006-09-19 08:13:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
take the course No Money Down which explains real estate ventures such as yours: connect with Housing and Urban Development to see if you have options with them due to income level, and lastly, use government money to promise to fix up
a house and restore it. You will have to research. this has been a vague, ,but actually accurate answer.
2006-09-19 06:33:11 · answer #3 · answered by ? 2 · 0⤊ 0⤋
you don't. you can use someone else to be the primary on the loan but only if they work. putting no money down you'll need a score of about 640-660 to qualify for 100% loan.
2006-09-19 07:45:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Use somebody else's credit & income.
Rick Lanicek
http://www.primelendingonline.com
2006-09-19 06:17:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
ok, all of us make blunders, and that i may be the 1st to submit this: I wager she is conscious them lots extra then people who're posting right here. So, snarky, obtrusive comments do no longer help adult males. Now advice - My contemporary GF did a similar component. It went rapid (no longer somewhat as rapid) and impressive after the marriage she kicked him out from rather poor now-married habit. despite if it replaced into purely a month of marriage, she replaced into in charge for his debt, which replaced into over $a hundred,000. So, in otherwords, you're in charge for it now, wither you reside or do no longer. This brings up the different difficulty, being, how cheating he replaced into approximately his debt once you adult males connected. this may be a reason to have a marriage difficulty with him. a million/2 a million earnings debt is a extensive volume to no longer point out, exceptionally whilst working to have a existence at the same time. Given the instantaneous prefer you adult males had to be at the same time, it could have been reported. you have each and every impressive to be green with envy, and could be. So, there are some issues I recommend: bypass away if he acted horrid pondering his duty. It replaced into something that could desire to have been noted interior the initiating of the dating. If he feels he hasn't executed something incorrect, or isn't at fault for quite making your destiny at the same time perplexing, or is telling you which you're obligated to pay, then i think of which will play out in different issues later on. it extremely is something he's in charge for. yet I recommend you reside, with circumstances. One, write up budgets that enable him to pay off those costs in as wanting volume of time achieveable. look to work out how your earnings can help do this. look in direction of bankrupcy. My GF can at present declare bankrupcy on the old costs and then bypass out and nevertheless get a vehicle. atypical because it extremely is, it may desire to artwork on your prefer interior the long-term. extra constructive then all of that, bypass locate somebody who does credit counseling, impressive away. and then, perhaps a dating counselor. i do no longer see omitting this previous as a sturdy component on your destiny, and that i recommend taking a while ASAP digging out different skeletons which would be hiding. sturdy success! And be satisfied to fill us in at something of his habit despite if it extremely is critical, Josh
2016-10-17 06:51:54 · answer #6 · answered by freudenburg 4 · 0⤊ 0⤋
depending on what you are planning on doing you can talk to a private investment firm. you can get a private investor to loan you the money then refinance when the job is done.
2006-09-19 06:50:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
well tostart off you should probably start by fixing your credit .
for your sake when investing in property your better off doing it with yourown name.
2006-09-19 07:46:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
bribe the bank's mortgage rep, or find a co-signer
2006-09-19 06:31:24 · answer #9 · answered by Sam 3 · 0⤊ 0⤋