mk asked:


My husband and I are planning on trying to buy our first home. Our credit scores definitely reflect some of our past mistakes and are wondering if this is going to keep us from being able to secure a loan.

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samide2001 asked:


I am tired of paying $700 in rent. So, I am looking for houses to but that will hopefully give me a better monthly payment.

My question is: Can I get a mortgage for a $59,900 house with my credit scores being 620, 573, and 571?

My roommate - who would be moving with me - has excellent credit (way over 700) but no current employment. I have a great job that I have been at for almost a year and earn $34,000. My monthly debt is around $350 (not counting rent).

We have a $4000 down payment for whatever we do. I also have check stubs for the last 10 months of paying $700 rent.

We have to do something because our lease will soon be up. So, waiting for my credit scores to go up will not be possible.
My roommate would be on the mortgage with me. She is out of work because she went back to college full time. Before she started school she was with the same company for over a year and a half. She has student loans which - in the writing of the loan - states that she is allowed to use the loan for housing since she lives off campus.
I am currently working with a law firm that does credit repair, but do not have the time to wait for the firm to help build up my credit before I either have to move or renew my lease.

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c_k_w_1967 asked:


I want to buy this two bedroom house and remodel and build on some additional rooms from my brother. Right now I am renting the house from him. I have very low credit scores due to some late payments on some credit cards a few years ago and some high student loans which are in deferment since I am currently enrolled in college yet. I want to buy this house or at least get a loan to add on two more bedrooms and a bath room but have no clue where to start due to my credit.

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Kevin W asked:


I have a near perfect credit score. My girlfriend has a dismal credit score. If we were to get married and buy a house, do they combine our scores and created an average score to calculate our rate? I would like to use just my score for the best rate but be able to combine our incomes to buy a better hoiuse. Is this possible or common?

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Ashley Z asked:


How do they determine your mortgage rate if you are getting a house with a friend not a husband? Do they average both of your credit scores?

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