05-17-2017 11:48 AM
Comes from his bank account
Is there any way you can refi that gmac loan under just your name?
It's possible your dad could still qualify but it would be pretty tight due to the ratios.
The bad thing is the monthly payment on an FHA loan is going to be at least $127 higher than a VA loan.
How much do you still owe on the gmac loan?
05-17-2017 11:50 AM
We could change who makes the payment on the gmac loan anytime, point is.. its on both of kur credit reports as a jpumt loan
Yeah, if you had been the one making the payments from your account for the last 12 months, that payment could be excluded from your dad's ratios on a VA mortgage.
05-17-2017 11:52 AM
05-17-2017 11:55 AM
Just started making payments, so 32k. We were putting 3.5 percent down on the fha loan, yes i could fianance the truck on my own, thats gonna take months to be taken out of his credit report though would it not
Well it might take months to show up on his credit report but we can exclude it with just the proof that it's paid off.
05-17-2017 07:09 PM
05-19-2017 04:27 PM
05-19-2017 11:16 PM
05-20-2017 05:52 AM
Alot has happened in 24 hours, ok since boa put me on the caivrs report and not my dad, can't that help him with a va LOAN, in the next 24 to 48 hours boa is supposed to clear my name off the list and change the foreclosure date on my dads credit report to reflect the actual foreclosure date Jan 2013 which makes it well.over the 3 years, however even if theh dont change it and it remains 04 2016.... i have heard where the va will give loans to vets after only a year of a bk or a default, is this true?
The fact that either of you are in the CAIVRS system doesn't matter & the fact that BoA is incorrectly reporting the foreclosure date as long as we can document the actual sale date with a Sheriff's or Absent Trustee's deed was over 2 years ago.
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.