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You'd need to have your wife either do a "full doc" loan, or go "stated" (if necessary) to qualify. And you can go on the loan as well as a co-borrower (unless your FICO score causes problems).
I'm a believer in having the rate fixed for a period of time to cover how long you'll need the loan, in your case I'd suggest a 5/1 ARM, which is available with an interest-only option. Otherwise, "Option ARMs" have payments based on a minimum payment based on a 1% rate, fully amortized.
What percentage were you going to put down, and what percentage is "seasoned" in your name >60 days?
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O - $1
O - $2
O - $3
Last edited by Steve Carlton; 04-25-2005 at 02:26 PM..
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