sorry joining late. What page are mom pics on if any

@op Any mortgage lender encouraging your mother to use your credit to close a mortgage then refinance after a year when her credit score is 480 is on some shady s***. They know she isn’t likely to be able to maintain the payments in the long run.

Without a sizable down payment, her monthly payments are going to be high. They will also make her pay for mortgage insurance on top of her monthly payments. This is just a really bad idea. I know it’s your mother, but you need to say no. Doesn’t matter how she or anyone in her ear takes it.

In real world scenarios this won’t matter because his future income and repayment history will supersede a bankruptcy which occurred while he was just a student.

The way banks evaluate you on a loan is holistic.

holy s*** man lmao

Federal loans don’t look at your credit history

No one should be taking out private loans at all

you could be on your death bed with a negative credit score and can still get a student loan

You’re talking to a financial auditor who has experience with this lol

You on his d***

Since his mother wants to enforce this terrible deal onto him, I assume she's not huge on business. This means OP will have to risk renting a room in his house, that he didn't even want to buy, all of this during college.

Holy s*** you're a financial auditor????????? And you don't think this is bonkers???????????

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA I'M F***ING DYING MAN

I have to exit this I'm losing my mind lmao

You're the guy who's scamming his mom lol

i’m sorry but LMFAOOOOOOOOO

Yea because I understand the implications of bankruptcy and it’s not a big if he doesn’t have any major plans for big purchases in next 5 years

He literally said he just starting college

Next 4 years of his life are in school

I like how y’all pretend to know what you’re talking about

OP go get a free consultation with a financial planner (CFA) or bankruptcy lawyer they’ll tell you the same

You think a financial planner is gonna advise him to buy the house then declare bankruptcy?

I would honestly let the bank take the house and do bankruptcy on purpose to spite the b****

Not as a first option but I’m saying this as contingency in case he can’t stop his mom

His life won’t be f***ed

story of my life tbh. i feel for you op. parents are very manipulative when it comes to finances and it’s sad cause you don’t really know how to handle it, especially when you’re young they will take advantage

Made up a narrative in your head

If it was a father weirdos like you wouldn't defend this behavior

s*** has me in tears lmao

no they would suggest reporting her for fraud

Y’all have zero understanding on context fr

Except this isn’t fraud