The Advice (question and answer forum) is open to the public. Any question or reply you post on Trulia will be seen by everybody who looks at it.
What I have to laugh at is the realtors who ask stupid questions that they should ask their broker / Office Manager. There are also plenty of agents who pay monthly advertising fees to Zillow and Trulia. Those agents have personal reps from Zillow and Trulia. If an agent in the office needs help - it would be much better to ask one of those agents personal reps from Trulia on an issue regarding the website or listing. This way the agent doesn't appear stupid on an open forum.... more
As Sally said ... just because her name can't be on the loan ... doesn't mean it can't be on the deed.
But be honest with yourself, the headache isn't due to the loan product you chose ... it is because you are playing house with a woman you are not married to and you are trying to determine an equitable distribution of the assets.
This relationship doesn't sound very stable. If each of you want to protect your own assets ... where is the "we" in this relationship? If there is no "we", why did you just become legal partners in a house? (Put her on the deed and you just formed a legally binding partnership)
If you think you are headed toward marriage ... then Don't sweat the option of lost rental income you could have had. If she is like a fraternity brother or a stranger ... charge her rent. If she is a partner, then treat her like family ... since you want to play house with her.... more
I am state and federally licensed to write mortgages in 31 states for a top direct lender in the mortgage industry who offers conventional, FHA, VA, and USDA loans. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA loans.. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
NMLS 902687... more
I'm a bit confused by your question. You ask if you should cancel "all of your credit cards"... but you only have one.
No, do not cancel your credit card... don't do anything differently than you have done all along... you don't want to change your credit history at all. If you have a good history with that card, that goes back 15 years... by cancelling the card, you'd be erasing 15 years of good credit.
Talk to your Realtor, or lender before changing anything regarding your credit (and that includes any credit card or revolving credit purchases).... more
Yes sometimes sellers will pay closing cost and if it is requested by the buyer. a rough estimate about $3,500.00. I am a realtor in the Shelby county and surrounding area of Alabama. If you are still in the market for a home I will be happy to assist you with finding that home.
There actully are garden homes in Columbiana. They are on Magnolia Circle. There are several for sale at this time and in a price range of $120,000. to$135,000. You can google these address. 136,152,119,144 Magnolia Circle Columbiana Al 35051... more
From what you have shared, it sounds like you will be able to obtain a loan. There are other financial requirements that affect your loan approval. That is why it is wise to consult a mortgage company. They will work with you to get you approved. This is the best and suggested first step in the home purchase process. Sellers expect the buyer to be preapproved. REO properties insist on this approval letter upon acceptance of your offer. There are many good companies in the area. If you need some suggestions, I can provide a list of several to choose from. I will also be happy to assist you with your home search. Please feel free to contact me any time.
ABR, CRS, REO, SRES... more