Long story short, mother passed away and I am the sole heir of her estate. Estate value is just a shade under 1 million dollars (mostly real estate), however is still pending in probate. The house I am in is paid for and will become a rent house for me if I am able to finance this new house. Realistically what is my scenario if probate court finalizes the estate or if it still remains in limbo?
My 3 credit scores right now are all 720-730 that I can tell. I have roughly $5k in credit card "debt" (4500 on one card), owe $26k left in truck payments, and have $100k of collectible firearms. Combined yearly income is over $100k (not including potential rental income since there is no history of that with me as owner)with both me and wife having the same job for 4yrs me and 5yrs for her. Wife has $16k in student loans and $23k in car payments remaining and under $2k on her card. Estate has no debts, liens, and or judgments on it or in the near future. House is roughly $260,000, looking to put roughly 10% down unless probate magically clears before hand.
Thanks
