Greetings all. My fiance' and I are finally discussing setting a date. This will involve her selling her home and the two of us setting up house at a midpoint currently between us. She has a credit score in the low-mid 700s, with no lates, long credit histories, etc.
I filed chapter 7 bankruptcy in June of 2007 (discharged August 2007). No home was involved and I reaffirmed the only auto loan I had. I have since established 4 credit card accounts, 1 new car loan (6.19%APR) and have had no lates, overcharges, etc. Two of the credit cards are over two years old, one is 18 months and the car loan is 8 months old. My last credit report showed scores of 614/634/661.
My question is, when do we purchase a home? If we wait until we are married will my past bankruptcy adversely affect a new mortgage in a severe degree? Would we be better for my fiancé' to purchase a home before we're married? We live 82 miles apart and are discussing getting married before she sells her home and we find another one. However, if she needs to purchase the home before we're married this will put that idea on hold.
Thanks in advance for any advice you can offer.
Kevin
