his credit score is good 718. The problem will be his annual income and debt
he owes $54,257 on the mortgage, which it doesn't appear on his credit score because the house is not under his name, we made a purchase contract with another person that is financing the house to us and pay that person $655.60 a month
he makes 32,000 a year and has a debt of 24,000 on his credit report
he has 2 auto loans and 1 credit card
the montly payments are $229 for a jetta and $297 for a Passat, $25 minimum credit card payment with a credit limit of $1,750 and a balance of $65. Could my dad qualify for a 15 year mortgage based on his income to debt ratio? Or not
Read more: Does my dad qualifies for a 15 year fixed mortgage?
