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11-30-2008, 08:08 PM
| | Junior Member | | Join Date: Nov 2008
Posts: 1
| |  Mortgage, Bad Credit, & Ownership--HELP!
Oregon
i want to buy a condo but won't be able to afford the payments if i apply in the mortgage in my name due to bad credit. i have a 3rd party who can take out the mortgage for me, but i am concerned that i'll be too vulnerable in this situation. how can i have an ownership interest in the property while relying on this 3rd party to secure good credit? bankers have told me that if we apply together for a mortgage, that my credit score, (the worst), will be used to determine the interest rate, so my being on the mortgage seems like a bad idea.
does anyone have any idea? i'm really lost and WELCOME ANY HELP I CAN GET. |
11-30-2008, 11:34 PM
| | Senior Member | | Join Date: Feb 2007
Posts: 5,487
| | | You can't use fraud to obtain a loan and we will not help you do so.
If you can't afford it with your credit or a coowner, you can't afford it.
If you wish for creative information on how to dig a big hole for yourself, try over on [url=http://www.creditboards.com]CreditBoards.com - Credit Help, Credit Repair Tips, News, Forums[/url] | |
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