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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Bankrupt or try to 'gut it out'? Date:  11/2/2012  6:52 PM
Author:  aoeuid Number:  306231 of 312297

AJ wrote:

If your wife can also show a steady paycheck that would also help your refinancing chances in the future.

If his wife continues to be self-employed, her self-employment income will not count toward a refinance until she can document the income for at least 2 years.

DDW says -- that is good to know. I did not know that. I imagine the sequence now is to get some credit card debt paid off ASAP as to increase our monthly cash flow and then a mortgage broker wont possibly laugh me out of their office within the first five minutes.
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