Credit Card Center Advertiser Disclosure†
02-01-2013 07:06 PM
Nope, i cant take another 6 months in Oregon. I have to find a way to make it happen. Finding that house and getting it down was a hard enough job to quit.
I was wondering what would filling my credit cards up to pay it do for me. Its about $8,000.
It's going to bring your score down, significantly, because of high utilization as possibly lower the max home price you can afford. Do you have a retirement account you can draw from?
02-01-2013 07:27 PM
Maybe theres lenders out there who can add IR$ debt to a loan to cover IR$ debt.
Theres sure a market for it. They could charge a higher interest special mortgage plan.
02-01-2013 07:28 PM
Hey maybe i can offer a one time payment of $10,000 to get square rather than go on a $50 month payment plan. I owe roughly $15,000.
02-02-2013 05:10 AM
02-02-2013 05:22 AM
02-02-2013 08:13 AM
I have no 401K to draw from.
The house is $115,000
Income $29,000 annual
Property tax $1800 annual Insurance $1800 annual (sinkhole coverage)
I have an auto $235 month and $50 month in CC.
One though was pay off my car i owe $7500.
Then maybe i can get a personal loan to pay IR$.
02-02-2013 08:34 AM
02-02-2013 08:39 AM
02-02-2013 08:40 AM
I had $9,000 saved but the man is taking that and then some.
Im doing this for my 1st house and my Mother will be living with me. Cant add her because she is in a short sale and her credit is bad.
I was told i was OK on the DTI before the IR$ issues came up.
My Realtor says pay IR$ i should be fine.
02-02-2013 08:41 AM
Yeah that is what i was going to ask the LO if she ever calls me today. I wondered if they would add $10K to the mortgage.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.