Could really use everyones advice and experience
Hi everyone,
So I filed chapter 13 back in august 07, and I have been discharged I believe its called since august of 11.
First off I want to thank all of you for the advice you have given me through this time, you have no idea how much you've helped. I'm going to give you a quick run down before I get to my mortgage question.
After discharge from lurking on here I decided to apply for a secured capital one card. Since then ive always paid on time and mostly been paying in full. Since opening it in October I've already had a credit increase.
Next purchase was in late November I needed a car badly, I contacted capital one and was approved up to 30k for 10.99% which isn't bad but not great. Anyways brought the wife to a dealer with me, we both got on the loan together and were approved for 4.6%. She has phenomenal credit like 750 I believe no bk.
So now to my question. As of right now we rent for 1200 a month, and we were thinking about getting a house. I wanted to know from anyone's experience, could I be included in the loan at all or will I wreck the interest rate. If I can't when could I possibly be eligible to be included on the loan? My wife is a pharmacist and makes great money and brings home at the least 5k a month and I bring home a little over 2k, so it'd be nice to add our incomes in case if we see a house that we can't pass up.
I mean we have only been married since September, and have saved up 18k and we started from scratch with a lot of things.
Thanks in advance and that's for all your previous help. And sorry for the way this is so clustered I did this off of my phone.
So I filed chapter 13 back in august 07, and I have been discharged I believe its called since august of 11.
First off I want to thank all of you for the advice you have given me through this time, you have no idea how much you've helped. I'm going to give you a quick run down before I get to my mortgage question.
After discharge from lurking on here I decided to apply for a secured capital one card. Since then ive always paid on time and mostly been paying in full. Since opening it in October I've already had a credit increase.
Next purchase was in late November I needed a car badly, I contacted capital one and was approved up to 30k for 10.99% which isn't bad but not great. Anyways brought the wife to a dealer with me, we both got on the loan together and were approved for 4.6%. She has phenomenal credit like 750 I believe no bk.
So now to my question. As of right now we rent for 1200 a month, and we were thinking about getting a house. I wanted to know from anyone's experience, could I be included in the loan at all or will I wreck the interest rate. If I can't when could I possibly be eligible to be included on the loan? My wife is a pharmacist and makes great money and brings home at the least 5k a month and I bring home a little over 2k, so it'd be nice to add our incomes in case if we see a house that we can't pass up.
I mean we have only been married since September, and have saved up 18k and we started from scratch with a lot of things.
Thanks in advance and that's for all your previous help. And sorry for the way this is so clustered I did this off of my phone.
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