How likely is he to get a $60,000 mortgage?
Hey there my boyfriend is trying to buy this house from his grandpa for $60,000. He earns $14/hr so that's about $27,000/yr, we have an auto loan we co-signed for about $23,000. He has about $1800 credit card debt and only has less than $1000 in the bank. His credit score is probably around 650 but he has a good credit line, just not a lot of money...How likely are we to get approved if I co-sign? I earn 18.50/hr so that's $32,000/yr... My credit score is 806 but not a long credit line cause my first auto loan is the one I co-signed with my bf from 3 months ago. I have about $1200 in credit card debt and have $3000 in the bank. Would that help out at all?
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