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.
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.
Next Up
Sellers: What to Do When You Can't Find a Home Before Yours Sells
Did you sell your home so quickly you're worried you can't find a new home in time? See how one woman solved the problem.
Saving Money While Paying for a Home
You may be financially "exhausted" from saving for your home purchase, but now's actually a great time to keep saving.
Scheduling Your Relocation
If you can postpone your move, you could save some major cash.
Sell the Benefits of Your Smaller Home
Impress buyers with money-saving and eco-friendly features.
Q&A: A NYC Broker on the Benefits of 'Test Driving' Homes
On the fence about a prospective home? Some brokers are letting buyers try out homes before they sign on the dotted line.
Protecting Your Home & Finances in Tough Times
4 steps to take to weather a recession.
How to Make an Offer for a House
Making an offer on a house isn't a total roll of the dice. There are some basic steps you and your Realtor can take to arrive at a price range and other terms that make sense.
How to Recession-Proof Your Home Purchase
First-time homebuyers, word to the wise: Look for attributes that add value to your new home to help combat falling prices. Here, basic guidelines to follow.
Real Estate Survival Guide: Buyer's Checklist
Refer to this 10-step checklist to get you through the homebuying process.
Provide Easy Access For Showings
Opening up beyond the open house.
