My fiancé and I don't have very good credit. Mine is 534 and he doesn't have any. Where does that leave us when it comes to buying a house?
The house we are looking at is $42,000 is Daleville, IN
Answers | 3
1) establish some credit for him
2) review and try to address your credit
3) if you have some cash to work with - approach the seller ...offer large down payment and ask them to carry the remainder via a private note ( they are likely not going to be receptive to this idea
4) locate a person to buy this for you ...
A non traditional mortgage or seller financing arrangement may help you. Make certain you have trusted advisors and a good attorney that is looking out for what is in your best interest
Everyone uses different metrics.
How much can you put down, your ability to make timely & consistent payments, and your relationship with the seller are the main drivers. This and a trusted legal team should get you in the right direction.
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It's not what you make, It's what you keep that determines your lifestyle.