Quote:
Originally posted by el_greco
Hey congrats. Nothing gts the heart pumping like a mortgage. :b Good luck w/the loan process. Damn what a pain in the ass.
I got lucky though, my wife's credit is like something over 900. She didn't need a cosigner AND we got a killer rate. 4.75
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FICO perfect credit rating is 850... but I may be wrong...
... i'm in the process of closing on another new home... and even though my wife does not work... she still has to sign on the mortgage... and they pulled both of our credit history... co-signers are usually only needed when there is a lack of credit history... or poor marks on a credit history...
if you put 20%down.. you can also save from paying PMI insurance that will also save you $$$
but for sure this is a buyers market.. low interest rates.. and lots of property... a great investment for sure...
