BRAVE

5y

OP soon

Twist Your Cap

5y

thing is even if he has that credit score without income to back it up or years under his name with it it really shouldn't even matter

I had around 780 at by 19 but it didn't even matter

Oak

5y

So my mother, brother, and I currently live in a house but we are renting. Currently, we have a month-to-month lease and our landlord proceeded to lie and tell us he wasn’t selling his house anytime soon. Then four weeks later he called back and gave us a 30-day notice to move.

As a result of this, we have had a hard time finding another house. And my mother doesn’t want an apartment. So she contacted a mortgage lender last week and they told her that my 780 credit score would most likely have to be used. Now my mother has been stressing me out and essentially harassing me over my credit score. Now neither of us makes a lot of money. I only work part-time so I don’t even know why a lender would approve me for a 300,000 house.

So today the mortgage lender called my mother and sounded very excited regarding my credit. He asked her “so which area are you guys looking to move and how much?” Which made my mother thrilled and very happy. The issue with all of this is - I’m going to UVA next fall and I DO NOT want to buy a house. I won’t even live there! The mortgage lender also told her that after we own the home for a year, we can easily refinance and have the home put entirely on my mother's credit. But that sounds wayyyyy too easy, especially when my mother's credit score is like a 490.

I feel like I’m witnessing the death of my future before my eyes. Now my mother keeps sending me long texts telling me “we don’t have any other options.”

I am panicking on the inside. For years I worked hard to maintain my credit and now I’m being pressured by my mother and a mortgage lender. Life was going so well for me but this s*** has been keeping me up at night. Causing me to lose sleep. My mother is terrible with finances so I know this situation is going to turn very bad for me. It sucks, even more, I don’t have anyone to vent to…. My mother’s friends and family members are encouraging her for this. I feel like I'm the only one who even cares about my credit or my future.

BillyShears

5y

Wait hold up how much is the rent payments? This might turn into a blessing for op

NBA GameBoy

5y

This too
You can make payments on time and have a good credit score but little credit history and that credit score doesn’t count for much
Idk how you could even get approved
I’m 22 with a 700 something score and it was hard for me to even refinance my car loan bc my limited credit history

Twist Your Cap

5y

thing is that mortgage lender probably just wants to try at least as it's another tally under her name

Almost no way that goes through but these people always want the attempt

Bestowed

5y

Completely understandable. Sorry to hear. If u can find a duplex for the same price do it. That way your fam can pay rent and a renter can cover your whole mortgage.

edit

Bro, sign an FHA Loan. Nothing more than that. You only need to put down 3.5% and u can sell the house next year. Stay focused on flipping the property rather holding it

Champion Holle

5y

Thread is lowkey sexist..

Bestowed

5y

Completely understandable. Sorry to hear. If u can find a duplex for the same price do it. That way your fam can pay rent and a renter can cover your whole mortgage.

edit

Bro, sign an FHA Loan. Nothing more than that. You only need to put down 3.5% and u can sell the house next year. Stay focused on flipping the property rather holding it

bigb00dyxalimos

5y

you wont see your dad buying a 300k house with your credit, not trying to be sexist or nothing, but this behavior is pretty common among women

BillyShears

5y

Sounds like a free house to me go for op

Oak

5y

So my mother, brother, and I currently live in a house but we are renting. Currently, we have a month-to-month lease and our landlord proceeded to lie and tell us he wasn’t selling his house anytime soon. Then four weeks later he called back and gave us a 30-day notice to move.

As a result of this, we have had a hard time finding another house. And my mother doesn’t want an apartment. So she contacted a mortgage lender last week and they told her that my 780 credit score would most likely have to be used. Now my mother has been stressing me out and essentially harassing me over my credit score. Now neither of us makes a lot of money. I only work part-time so I don’t even know why a lender would approve me for a 300,000 house.

So today the mortgage lender called my mother and sounded very excited regarding my credit. He asked her “so which area are you guys looking to move and how much?” Which made my mother thrilled and very happy. The issue with all of this is - I’m going to UVA next fall and I DO NOT want to buy a house. I won’t even live there! The mortgage lender also told her that after we own the home for a year, we can easily refinance and have the home put entirely on my mother's credit. But that sounds wayyyyy too easy, especially when my mother's credit score is like a 490.

I feel like I’m witnessing the death of my future before my eyes. Now my mother keeps sending me long texts telling me “we don’t have any other options.”

I am panicking on the inside. For years I worked hard to maintain my credit and now I’m being pressured by my mother and a mortgage lender. Life was going so well for me but this s*** has been keeping me up at night. Causing me to lose sleep. My mother is terrible with finances so I know this situation is going to turn very bad for me. It sucks, even more, I don’t have anyone to vent to…. My mother’s friends and family members are encouraging her for this. I feel like I'm the only one who even cares about my credit or my future.

HITSLIKEDIETCOKE

5y

Sounds like a problem with your landlord tbh. Is 30 days notice valid?