Monthly Archives: April 2006

Mortgage Market Week Ahead with NHLA – February 8th, 2010

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Question for Those Who Work in Mortgages: How Does This Situation Play Out?

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mortgages

My husband and I plot on buying a home soon. Without naming names : ), one of us has brilliant credit and the other has poor credit. By the time we go house-hunting (and mortgage-seeking) we will both be completely debt-free. Both of our incomes are needed to meet the expense of a home in our area, so it won’t work for only the brilliant-credit party to buy the home. Will we have distress being paid a mortgage? And if we can get one, what pitfalls do we face?
1. Yes, I have check our credit scores.
2. It is not a question of correcting incorrect information. It is what it is.

This is why I tried to direct my question to people who work in mortgages. I did not want to receive a multitude of answers that talked about something completely different from what I questioned, but that is exactly what has happened.