Check Out Your Friend's Credit

If you are buying a home jointly with someone else, your credit score may not be the one the lender looks at.
HmBuy_loans_H

HmBuy_loans_H

By: Tara-Nicholle Nelson

Make your co-buyer go through the credit makeover process to maximize her score, too, then consult with your mortgage professional. Even if your score is below 580, you might not need to wait if your co-buyer's score is the one lenders want to see. Generally speaking, the buyer who makes the most money is the one whose score is of interest to lenders. Of course, the person with the highest income is also often the person with the most bills and, accordingly, the lowest credit score. Consult with your mortgage professional to see whose score is important. 

Keep Reading

Next Up

Real Estate Survival Guide: Seller's Checklist

Refer to this 10-step checklist to get you through the home-selling process.

Real Estate Survival Guide: Buyer's Checklist

Refer to this 10-step checklist to get you through the homebuying process.

Fresh News for 'Fixer Upper' Fans: Chip and Joanna to Open 'Hillcrest Estate' in Waco

Chip and Joanna Gaines announce their latest project — a beautifully restored colonial style home that will open as a vacation rental property.

Basement Systems Check

Find out if your heating and cooling systems, plumbing, wiring and utilities are up to date and ready to serve your new basement space.

Addition Planning: Bumping Out

Avoid costly foundation or roof work by making new space that hangs off the side of the house

Eco-Friendly Countertops

Consider these environmentally friendly countertops when designing your new kitchen surface area.

Keep Snakes Out of Your Garden

Follow these tips to send serpents slithering in the other direction.

On TV

Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.