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Updated about 8 years ago on . Most recent reply

User Stats

4
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0
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Guido Jaramillo
  • Investor
  • Philadelphia, PA
0
Votes |
4
Posts

Impact of applying for a loan if getting married

Guido Jaramillo
  • Investor
  • Philadelphia, PA
Posted

Hi, 

I have a triplex under contract that will only be finished in the fall (new construction). I am buying the triplex using an LLC. I have a very good credit and will put 25% down. I am also engaged and we are planning to get married in the summer. My fiancé has very high college debt; therefore, I am wondering if that will impact me in getting the loan this year as it will mean that as a couple we will have more debt. Should I wait to get married after I close on the property? or should this have no impact in the analysis from the bank as I am buying the property using an LLC? Thank you for your help!

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