QUESTION
Can we get one mortgage together easier if I co-sign and use my income/her credit?
Asked on Apr 24th, 2013 on Bankruptcy - Arizona
More details to this question:
I have a recently discharged chapter 7 (June 2012). I've been told that I cannot obtain a mortgage for a minimum of 2 years from that date. My father in law has just passed away and my wife and mother in law are talking about her moving in with us but into another home. She (mother in law) has minimal income (SS) but excellent credit. I can't obtain a mortgage but can she as a retiree?
2 ANSWERS
Only way to find out is to ask. Whether someone can or cannot qualify for a loan is a decision each individual lender makes on their own criteria.
Answered on Apr 26th, 2013 at 12:03 PM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Talk to several good lenders. Stay away from interest only loans or reverse mortgages.
Answered on Apr 25th, 2013 at 10:27 PM