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Parents Co-Signing on Home Loan
Asked by S.B. from Denver
on June 11, 2009
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Me and my husband are looking into buying a home. We can not qualify with his credit, but we can with mine and a co-signer. My parents are more then happy to do it f...
Answers
- S., Here is my opinion, wait till you can do it on your own. We have owned 2 town houses in the past, with no co-signers. We put a house under contract I lost my ...
- Most financial advisors I've ever heard are against co-signing. I'm not sure all the reasons why, but people I know who have done it wish they never had as it ruins t...
- I would wait. "Co-signing" on a home is really just both of you buying it. They would have all rights to it just as you would. If you aren't comfortable with that situ...
Seeking Bad Credit Single Mother Loans to Purchase Home???
Asked by J.S. from Phoenix
on January 29, 2007
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My lanlord just told me he is selling the house that my 2 children and I are living in! I have POOR credit so I am very worried about where to look for a loan. Does a...
Answers
- Hi J.- It looks like you have had several responses, so i am hoping someone has been able to help you. But if for some reason thats not the case or you haven't found...
- My hubby is a Realtor and works with a lender that specializes in helping people with poor credit get financing. If you want to give my husband a call, his name is Br...
- Hi J., I am a mortgage broker for First Finance and I'd be happy to work with you to try and get you financing. We do alot for people with difficult circumstances ...