Hello,
My husband and I live in Texas and recently decided to make a home purchase. He became pre-approved with them only running him, since I have no income and bad credit (stupid decisions in my youth that I am still working on fixing).
With the actual paperwork we submitted to the seller from the realtor, she had me sign as well since she was saying we live in Texas, thus my name needs to be on there since we're married. Does this mean that our lender will need to check my credit as well since the title company now has my name? Do we need to call them to take my name off?
Thank you for any answers in advance. I have been worried for some time now that they will end up needing to run my credit and it will ruin our chances.
2007-03-19 11:52:47 · 4 answers · asked by Christina V 1 in Business & Finance ➔ Renting & Real Estate
I would not worry about it.
The lender may have your name but they do not have your social security number. They obviously cannot run your credit without it.
If they call and ask for it, tell the lender that you do not wish for your information to be included since you are currently not employed.
I would doubt that the lender can force the issue and why would they? they want to make the sale so it should NOT be an issue.
Dont call and make them take the stuff off of anything, you dont want to scare them or send off any red flags.
To add peace of mind to you. Call a different lender and ask them your question (make it seem like your husband has the bad credit and does not work when you call) and see what they say.
I think that you will find that the lender wont care either way. If they push the issue tell your husband to tell them that the two of you are getting seperated soon.
Again, dont worry about it, there is a way around it...ENJOY your new house!
2007-03-19 11:57:07 · answer #1 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
Your name is already associated with his through the marriage. First of all on the mortgage application they ask where the money will be coming from. I assume that you told the truth and showed no income for you. Therefore they will not use your figures for the mortgage. They may end up having a couple of questions for you but it will not effect the moutcome.
Congrats on your new home, I hope it is a happy one.
2007-03-19 13:43:05 · answer #2 · answered by ttpawpaw 7 · 0⤊ 0⤋
you likely ought to, relying on the commercial corporation you note with. a strong personal loan counselor allow you to be conscious of what they could do for you. There are some those who act as if having detrimental credit makes you a nasty individual, yet dangle in there, because you are able to convey that score up.
2016-11-26 23:17:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Community property also means community credit.
2007-03-19 11:56:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋