Posted on: 03rd Jan, 2009 04:15 am
I'm currently in an adjustable rate mortgage of 12%. My credit score is about 640. My debt to ratio is high because I cosigned for a student loan for my then fiance. We are now married and she is working as a RN. Her credit score is about 630 and she has multiple student loans on her credit. Can we combine our income and get a better rate.
Absolutely!!!
You can definitely use her incom along with yours. Go get a loan! There will be a little more information needed to make certain that she can be added, but based on the information given, you should be fine. Her score is fine and her employment should qualify provided she has a solid timeline from the transition from school to employment as a RN.
You can definitely use her incom along with yours. Go get a loan! There will be a little more information needed to make certain that she can be added, but based on the information given, you should be fine. Her score is fine and her employment should qualify provided she has a solid timeline from the transition from school to employment as a RN.
That all depends upon what your total combined debt to income ratio is. You need for someone to do an analysis of your outstanding debts. This will require someone to run your credit report unless you can provide all of that information accurately.
Eric
"http://www.dreamhomefinancing.com"
[Link deactivated as per forum rules. Thanks.]
Eric
"http://www.dreamhomefinancing.com"
[Link deactivated as per forum rules. Thanks.]
