question of Krme : What is a better way to get a house as a first time buyer with bad credit financing ?
This is my first time home buyers with poor credit. I do not want to get approved on my own. A friend has offered to either buy the house and I have a rental contract with them, or we buy could be co-owner. If we would co-owner approval amount and interest rate based on his credit? If he bought a house in the past, but I’m not-I would be the first time home buyer tax credit, if we are co-owners Best Answer:
reply Harriot
This is not the answer, you want to hear, but if you have bad credit, you should not buy a house, regardless of tax credits. Your friend would not be prudent to get in this situation. You should improve your situation. Home ownership is expensive. They have tons of start-up costs and no significant savings, you might yourself (and your friend) quickly in trouble if you hinzuzufügen.Wartung your debt, equipment, lawn care, furniture, insurance, taxes, moving expenses, lock changes, cable installation, deposits, closing costs are a few of the things that need to be taken into account.
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