Posted on: 10th Dec, 2010 08:38 pm
My husband and I have been looking to but a house, but we were not approved for a loan because we have not had a line of credit for a year. Otherwise, we have no debt of any kind and would be approved for a $200,000 loan if we had a credit line or credit card for a year. So we were thinking of having someone else(a trusted family member) take out the loan and we would pay them and then have them transfer the house to us when possible, but we are not sure how that all works. Any suggestions would be greatly appreciated!! Thanks!!!
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http://www.mortgagefit.com/know-how/about47485.html
Take a look at it. Hope it helps you.
http://www.mortgagefit.com/know-how/about47485.html
Take a look at it. Hope it helps you.