I am mostly a lurker but, I have been trying to post a little more lately. I have been trying to gather as much information as possible before we officially start the home buying process.
We want to buy a house with in the next 6 months but closer to the end of time because we are in a lease till 10/30/11 and want to minimize rent and mortgage payments.
We are going to get a mortgage with only husband salary. He has close to perfect credit and no other debts. I screwed up in college with late payments and have students loans, and a significant part of my income in the last two years was self employment/ unemployed for 4 months after I moved when we got married. (I am not an ideal mortgage candidate at this time). Any way does anyone have experiance only putting one of you on the mortgage?
We have joint accounts that are going to be used to take the down payment from.(Planning on putting down 20%) We (he) are planning to get preapproved fairly soon, how far back do they go in accounts?
TIA for any insight you can give me