Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified you purchase, you can submit your request online at http://www.rodneymason.com.
If the Divorce Decree specifies that the loan is question is his complete responsibilty after the divorce, only then can that debt be excluded from your debt to income ratio. It will need to list the crediotr's name and preferrably account number. This is how your paperwork should read, but there is no guarantee of that. While the Divorce Decree might relieve you of the payment obligation, should be miss a payment, that will impact your credit score.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing
he can go to the bank and refinance the auto to get you off.
i see this a lot where the one spouse says they will pay and its
even in the divorce decree, but the banks dont see it that way.
same with a home, have the owning spouse refnance to clear
the other of the debt. its nothing personal against the x-spouse
its just better if the joint debt is severed.
it will help your credit. while you are at it, go and get a credit card
in your personal name, this will bump your score up too as long as
you keep the balance to 30% of the available debt available
There's a big difference between 600 and 625. Most banks are moving to 640 minimum score. Check out crednology.com to get your scores up and make the process easier for you.