Posted on: 04th Feb, 2010 07:06 pm
our house is in the process of foreclosing. we refinanced is few years ago and put it under my husbands name only but my name on the title. can i get approved for a home loan under my name only? i have a good credit, good income and have money for the down payment. is this considered buy and bail?
Hi Guest!
Welcome to forums!
If your name is not mentioned on the mortgage, then you can definitely apply for a home loan. With a good credit, good income and down payment, you would be able to qualify for a loan. As your name is not mentioned on the mortgage, I'm not sure whether or not it would be known as buy and bail.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your name is not mentioned on the mortgage, then you can definitely apply for a home loan. With a good credit, good income and down payment, you would be able to qualify for a loan. As your name is not mentioned on the mortgage, I'm not sure whether or not it would be known as buy and bail.
Feel free to ask if you've further queries.
Sussane