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 sonjaphilips
Joined: 30 Sep 2009
Posts: 1
1.40 Dollars($)
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 Posted: Wed Sep 30, 2009 12:22 am Post subject: home loan |
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| my home is paid for, my credit is shot, i want to help my daughter pay off her credit cards, can i put her name on my house and will she be able to get the loan with her good credit? |
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gunzijjistaff
Joined: 07 Apr 2009
Posts: 606
14.57 Dollars($)
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| Posted: Wed Sep 30, 2009 12:27 am Post subject: |
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Hi sonjaphilips ,
Welcome to our forum.
If you wish to pay off his credit card,be co-signer for credit card account & you can pay off them or you can give some cash to him for pay off his CC.
| Quote: | | can i put her name on my house and will she be able to get the loan with her good credit? |
He must have to build up his own credit score. Adding his name to home will not be help full to him for get loan.
Thanks & Regards.
gunz.ijjistaff
_____________________________________________________________
You can ask your further queries to us at any time.This is the worlds largest Mortgage Community. |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.59 Dollars($)
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| Posted: Wed Sep 30, 2009 12:29 am Post subject: |
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yes but she need to have good equity in the home.I mean transfer enough shre to her so that she will be able to get the loan to pay off the credit card bills.
keep in touch.... |
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jenkin7
Joined: 04 Jun 2007
Posts: 4297
Location: Hawaii
678.88 Dollars($)
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| Posted: Wed Sep 30, 2009 2:01 am Post subject: |
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Hi sonjaphilips,
It is expected that your daughter will get the loan once her name is added to the house. But there is no guarantee that she will definitely get the loan. There are credit, income and various other requirements which need to be fulfilled in order to get approved for a loan. However, if she is added to the house and she fails to obtain a loan, the credit card companies may come after your house to satisfy their debts. Thus, I think she should first check out if she at all qualifies for a loan. In case she meets all the requirements for a loan, she can be added to the house title. |
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payday loans
Guest
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| Posted: Wed Sep 30, 2009 7:39 am Post subject: Greetings all... |
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Greetings all...
So after nearly 5 years of focusing on the finance sector and really enjoying every minute of it...the time has come to expand my horizons and take the next step in delivering great products for Microsoft. So as of very soon (date TBD) I will be moving to a Program Management role in a new product being developed in the Office division. I am super excited to say the least. I can't really talk about what it is, only that I know it will add tremendous value to all sizes and shapes of customers. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9776
Location: bloomfield, ct
40.03 Dollars($)
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| Posted: Wed Sep 30, 2009 8:18 am Post subject: |
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well, payday, we don't know who you are or what your services are, but i'm so pleased to know that tall, skinny, short, fat - all variety of people will be able to avail themselves of your new product that is causing you such super excitement.
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George M. Akerley
Loan Consultant
860-221-5044 |
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