- Joined
- Dec 14, 2002
- Messages
- 54
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I just moved to the states about a year and a half ago, I was here as a visitor & then started work in research 6 months ago. Now I'm starting residency in July. I got my 1st credit card through my fiancee's credit line about 3 months ago, before that I had only debit cards; so I don't have much credit history in the country, my credit score is around 670. we are planning to buy a house, but because of my credit situation & the fact that my fiancee doesn't work at the moment (she's studying for her masters), we can't get a good mortgage deal; the rates we are offered are around 7-7.5% with down payment needed. so I thought may be we can wait for another year during which I can work on my credit to improve it, also my fiancee might be able to work part-time during this year. are there any specific things we can do to improve our credit situation & get better mortgage offers next year? Our target is to get a 5 y ARM with least down payment & closing costs possible & also with an affordable monthly payment.
I appreciate your input guys,
Thanks.
I appreciate your input guys,
Thanks.