Dec
28

How can we buy a home?

Question by Amy: How can we buy a home?
My boyfriend and I are interested in buying a home. I have good credit, and he has so-so credit. He makes the majority of the household income. I work part-time. Is there a way we can purchase a home together?

Answer:

It’s definitely a good time to buy with the combination of low interest rates and home prices.

Credit is a big factor when looking to get a home loan.  A lot of buyers today have tarnished credit because of the recovering economy. You should have a Mortgage Professional evaluate the credit and employement history of  the both of you to see if buying a home right now is possible. If not, the Mortgage Professional may be able to refer you to a reputable credit counseling company that can help you get on the right track.

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