valdezthat wasnt a question. that was spam
Yes.... Except that the spousal debt is added to yours.... We pull the spouse report for this. But I think you are asking if his/her credit score will kill the deal. And the answer to that is NO!!
You will need to look into 'Hard Money lenders'No one in the traditional space will lend with those scores....
Sounds like they did not fund an escrow account for your new loan..... and was to use the funds in your old account to do so.I have heard of it.... Have someone knowledgeable about mortgages review your closing documents with you
No. You need a bank loan..... not a mortgage
7yrsA new guideline came out and said that if mortgage was discharged in Bankruptcy, then we can use the bankruptcy waiting periods.Otherwise, conventional loans did NOT lower their waiting period from 7 to 4yrs. A deed in lieu or short sale is different
You need to be able to document a 6 month job loss with 20% reduction in income over that time frame.If so, then it is worth pre-approving.Make sure your loan officer can send your file to underwriting for pre-approval. You don't want some 'yes man' working your file.
1. Not counted against dti.... never seen a program ask for that2. less than 10 payments or 100+ payments.... doesn't matter. Don't know where that came from.If you are concerned that a sneaky lender will surprise you later.... Just see if your lender can send your file thru underwriting BEFORE they issue the pre-approval. Not all will do this. I consider it crucial to my business.
Good question for your CPA..... or Financial Advisor.You would likely make MORE in the market than what you save on the loan.Riskier, yes.
No!!!Spouse will be required to sign some documents..... and will be on title. But does NOT have to be on the loan.Done them.... Never been an issue