Cancerbeater asked:


I am looking to buy a home that needs work and can be bought with NO Downpayment, but will have 2 names on the mortgage.Both with good income and adverage credit. I need all the ins and outs you people can offer to this 2 yr. Cancer beater so far, but now also got Lung Disease and Fibromyagia. Can you believe it?? Im only 48. Smoked 25. Oh well.
But, I am alive and I’m noyt going to die so I need a home.. HELP

Dean

shelli b asked:


–The house costs around $140,000.
–Could give a downpayment around $60 to 75,000.
–Plan on paying off all of their bills (currently on a debt management plan and late on some others.) so they would have no debts other than a school loan.
–Credit scores not the greatest. I believe around 620 for both husband and wife.
–Moving from Calif. to Arizona.
–Wife will have same job when moving to AZ–make about $2,400 month.
–Husband will not have job yet when wife moves. Plans to move once a transfer on current job goes through. Will visit on some weekends. (could be 6 months, a year?)
– They own a home in California but are accepting a mortgage buyout and their names will be taken off mortgage.

Any insight on this one? Thank you!
Husband makes about $3,500/month, but since he doesn’t have the job yet in Arizona, is that going to be a huge problem.

BLAIR