2006-09-27 09:20:47 · 9 answers · asked by Simple1 1 in Business & Finance ➔ Renting & Real Estate
BOYFRIEND ? NOT MARRIED ? GIRL MAKE SURE YOUR NAMES THERE OR YOU MAY END UP PAYING FOR HIS HOUSE. IT MAY BE LOVE NOW ...BUT IN THE FUTURE WHO KNOWS INVESTMENTS LIKE A HOUSE ARE GREAT ...BUT MAKE SURE TO HAVE YOUR NAME THERE OR YOU MAY BE STIFFED DEPENDING ON STATE LAWS IF HE DUMPS YOU OR YOU LEAVE.
2006-09-27 09:28:10 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The lender your loan officer to try several ways to see which way will work then they will try with just him. You can always be added to title after settlement.
There are also subprime loans for people who just don't have good credit and sometimes have pre-payment penalties that you should ask up front. The rates are high though.
2006-09-27 16:32:47 · answer #2 · answered by mryflanigan 1 · 0⤊ 0⤋
None of the above! You are not married so you have no business buying a house together. It will be a real mess when he cheats on you and you dump him. If you MUST buy a house have him buy it in his name only. Once you are married you can change the deed to both names. Much cleaner!
2006-09-27 16:29:20 · answer #3 · answered by N3WJL 5 · 0⤊ 0⤋
It depends why your credit is low. Do you have outstanding collections or late pays?
I work for a national lender, email me back and I can give you my phone # or email address. I need some more information to give you accurate advise
2006-09-27 20:11:48 · answer #4 · answered by David F 1 · 0⤊ 0⤋
If you use just his credit you usually also forfeit the ability to use your income and you may not be on the deed either...in which case, as an "owner" you do not exist and live there at his mercy.
2006-09-27 16:55:38 · answer #5 · answered by kingstubborn 6 · 0⤊ 0⤋
Hi! i work with mortgage brokers. In our experience,it's better to just use your boyfriend's credit. If your credit is too low it might hurt the loan process.
2006-09-27 16:30:44 · answer #6 · answered by purplegirl 1 · 0⤊ 0⤋
dont you have shame to use others credits for buying you r property.......one good idea marry him and that property will be yours and you can buy it and enjoy the romance in that house have a nice day.........sweet dreems and white drops
2006-09-27 16:29:25 · answer #7 · answered by brook 2 · 0⤊ 0⤋
This article gives you tips on negotiation:
http://biz.yahoo.com/brn/060909/19463.html
Articles about current market:
http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
2006-09-28 04:06:42 · answer #8 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
Try it both ways and see which way you get the better deal.
2006-09-27 16:24:19 · answer #9 · answered by victorschool1 5 · 0⤊ 0⤋