I wan't to purchase a house alone, with my own credit standing.  I wan't to report my income as well as my wifes income, but not her credit.  Is this possible?
125544
Boy you can get the goofiest advice on these forums!\n\nTom the mortgage guy is mostly right. If you want to have the loan in only one name, then you can only put that name on the title. After closing, record a transfer from you to you and Lisa. (that was not a typo) \n\nIf you are using a Realtor to find the house, he will have done this before and you should be using the lender he recommended. Don't use the cheapest lender in the newspaper. That guy was just working at a tire store two weeks ago. If you aren't using a Realtor, you should be. Sheesh.\n\nI am glad to refer you to a ReMax agent in your home town that I have personally interviewed. Call or email me.\n\nLeigh M\nPortland, Oregon\nhttp://www.LeighMaynard.com\n\nI am not an attorney. I am not YOUR attorney. Nor do I play one on TV.
70646
If they want the household income and he lived with you and his name is on the bills too then yes. If there is no way to prove he is part of your household then no.
387534
Lenders are increasingly concerned with the level of fraud inherent in stated income mortages.  When it is a HELOC it is even tougher because the lender is in second position and there is substantial risk if the borrower defaults.\n\nCouple that with a low credit score and you have a real problem.  You need to go talk to a lender that specializes in subprime home loans.  Try Novastar.
605783
The first place to look is a mortgage broker. Many mortgage brokers have several programs to choose from including for people with bad credit. Also, pull a copy of all 3 credit reports. this will allow you to get a complete picture of your credit without taking a hit on your credit score. You can even take these with you to meet with the mortgage broker and then he or she will be able to provide more direction. You should know what you can afford before you go looking for a house. Plus don't be afraid to take a smaller investmetn than originally planned. Home ownership builds credit as long as payments are on time and consistent. This can lead to your dream home.
372915
Unfortunately, the simple answer is yes.  You need to go to your mortgage holder and advise them of the situation.  Your spouse DOES NOT have the legal right to take out loans in both your names.  Good luck!
286725
juzme is completely wrong, so ignore that nonsense.\n\nLet me clear up a couple facts about credit reporting.\n\nCredit Reporting Agencies will report (or remove) any negative information that the creditor tells them.\n\nThere is no law preventing a creditor from removing his own credit information...even if it is correctly reporting a late or charged off loan.  All they have to do is tell the Credit Reporting Agency to delete it.  Many times they will try to tell you they can't, or that it's illegal.  Believe me, they can do it.  I've read the law...I've had it done for myself and many other's i've worked with.  They are simply either lying or completely ignorant.\n\nNow, that said, there is the trick.  Once the creditor has your money, you have lost all leverage in getting the creditor to delete the negative report.  So, before you pay them a time, get them IN WRITING to agree to remove the information.  \n\nYou need to sit down and work out a serious budget, and find out how much you disposable income you have to pay down these debts.  Then start contacting your creditors and work out a plan.  Ask to have your balance lowered, freeze the interest and late fee payments, and whatever they will do to help you out.  Most times you will get a cold shoulder, other times they will work with you.  Work on paying the bills that most recently went into default, or to those who are offering to help you with your debt.  Then do the best you can.\n\nIf it helps, defaults that are from a medical charge are reported that way on your credit report.  It still looks ugly, and doesn't help your credit score, but if the creditor is actully looking at your credit report and not your score, it may help your situation a little bit.
633010
You can.  I know people who have done it.  In some very rare times you can even recieve a check when you buy a home.  It is possible but not always easy.  Each market is different and each seller is too.
99935
Yes it does indirectly. If you two want to buy a home than it could only go into his name. Likewise for anything else. Your best bet is to start cleaning up your credit...K
67662
You are allowed to buy property.  There is no requirement to show your status for any purchase.  Financing the purchase would be more challenging since you would not be able to prove your income.
52628
Since you have another on the deed, you probably will need them involved. You can probably get a home equity line of credit with your exixting mortgagor for 80% of the balance your property is worth, with the other person's approval. Try getting a credit card that will give you checks, if you don't want the other party to have knowledge. If your credit is good, it won't be an issue. Check your existing credit, close out unused lines of credit, you are entilted to one free credit report annually. try the link below.You may need more than one credit card to get the amount of cash you want. There may be fees involved too. Do you have access to a credit union or bank? Personal loans are also higher in interest rate. If you are retired you may want to look at your other assetts:  401 k, IRA, pension, etc.
297821
I believe the current laws are that you can give someone $11,000 tax free. So if you and your wife both gave it would be $22,000. But, if you put their name on as the co-purchaser while the mortgage is being paid off, you wouldn't run into this issue.\n\nI just did something similar for one of my children.
115993
If you are non a schedule A you can take all of the mortgage interest. You can take property tax that you pd. Any donations you gave (cash and non cash)Sales tax that you pd on any big purchases(use the table for the rest)I don't know what your filing status is so I don't know if you would even be close.
460062
If you owe money to the IRS, pay it off.\nThere are many lenders that do mortgages for people with less than perfect credit. Some will do 100% financing with credit scores of 580+. You should know exactly what your credit score is and you there are many places that you can get a free report.\nNo bank will finance you with IRS liens, but if they are not liens yet and you are paying them, call a broker in your area and see what you can do. It is always better to own than rent.
37070
I work with the State department of veterans services and  the veteran can get the loan all by himself with or without a wife. Also, the veterans with the brother can do the same thing. The loan is actually given to the veterans and it is his name that will appear on the title but he can 'move in' whoever he pleases.
367963
Yes actually you can. My roommate and I got an apartment with NO credit. You simply have to make the security deposit, plus first and last month's rent in most places. Talk to the manager and be upfront about it. You can also use a co-signer...Someone who trusts you and will let you use their credit.
172335
Ignore the other answers, they are wrong.\n\nYour credit rating does NOT combine once you get married.  Each of you have your own credit rating.\n\nIt will effect you if the house or other property is in his name.  Creditors can go after his wages, or attach to his property if it's in his name ONLY.  If your name is on it, they can not touch it (check your local state laws to be sure).  Were I live, if it's his debt, they can't go after jointly owned property.\n\nAnd you must be awfully rich of $25,000 isn't much debt!  Many consider that amount the starting point to consider filing for bankruptcy.
301238
no credit is sperate based on soc sec #. It will only affect you if you to a loan together.