Yep, Deb is right...most credit-based offers nowadays are based on having a score of 700 or higher. There are some banks that specialize in helping people with lower credit scores obtain financing, but generally at a significantly higher rate. You'd be best to find a good credit counselor who can help walk you through all the things you need to do to get your combined credit to 700. It will only take about a year, provided the numbers you list are accurate.... more
Hi there! The closest serious transportation hub to Carlisle is Lowell, MA. That said, there are a number of "park & rides" near you and also Waltham has a commuter rail stop, depending on where you live in Carlisle. Luckily for you, Lowell is both close by and would also give you a reverse commute, allowing you to avoid a lot of traffic!... more
Your best bet would be to talk with a bank that does business in your home country as well as the U.S. The best international bank I've dealt with has been Scotia Bank/Bank of America. If your country has a Scotia Bank, you should speak with them about the U.S. re-fi.... more
Unfortunately, Kevin is right about the difficulties of financing an investment property. Honestly, you'd probably be better off to save up for 4 or 5 years and then either buy a place in cash, or get preapproved with 20+% down with a normal loan.
I would contact the bank that you keep your American funds in. They will know your situation best. Also, the current lender may be willing to look at your loan and do a re-write without refinancing. It is worth an ask - especially if you have equity.
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Good luck hooking your wagon to someone with his credit score. Hope you truly know all the reasonings as to why and how he got there . Since you aren't married, you need to protect yourself by being VERY careful during this process if you proceed to buy a home.... more