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Claeren · 05-12-2005, 09:58 AM

I have a related question for you experts.

I have a condo on hold for fall 2007. My gf and I are both employed at 2 jobs. Myself for 5 years at both, and her for 5 at one and at the main one she is now moving jobs.

My question is this: We are having to get preapproved at 10% for a condo we get in 2007 - where we will be able to get our own mortgage when we take posession. To what degree will the fact that i have a small amount of credit card debt (<2k - but that is only because i needed the 10% so i made a couple min payments instead of paying it off after a big vacation) and the fact she has a new job come into play?

It is annoying because in 2 years we will have another 10% (20% total), no debt, and presumbably her job status will have been maintained or changed again...

The tricky thing is that if we push it we can put the application forward this week before she changes jobs OR we can wait til next week when she has a new job but i have paid off all of my debt... ?

Claeren.

05-12-2005, 09:58 AM	#9
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	I have a related question for you experts. I have a condo on hold for fall 2007. My gf and I are both employed at 2 jobs. Myself for 5 years at both, and her for 5 at one and at the main one she is now moving jobs. My question is this: We are having to get preapproved at 10% for a condo we get in 2007 - where we will be able to get our own mortgage when we take posession. To what degree will the fact that i have a small amount of credit card debt (<2k - but that is only because i needed the 10% so i made a couple min payments instead of paying it off after a big vacation) and the fact she has a new job come into play? It is annoying because in 2 years we will have another 10% (20% total), no debt, and presumbably her job status will have been maintained or changed again... The tricky thing is that if we push it we can put the application forward this week before she changes jobs OR we can wait til next week when she has a new job but i have paid off all of my debt... ? Claeren.