I’m tryna buy my mom a house someday but expecting someone who’s yet to even graduate college and only works part time to buy a 300k house out of goodwill is absurd

RIP

I love my mom fam but cmon

Maybe if you had a stable career and everything but youre literally in college lmao

nah but never give anyone more info than they need from u on the internet

You’re right, good looking out

Ask her which apartment complex she would like the best

KTT is BACK

B**** really choosing between homelessness and ruining her child's life. All because she worried about the image of her living in an apartment? If she wanna live in a house tell her ass to start making house money.

I know you love your mother but take it from me you gotta love from a distance. Take care of yourself first, and you'll be able to help in time.

kill her

he was excited to get your whole family into a terrible deal & squeeze every last dollar out of you

if you don’t sign, it doesn’t happen

Fix it while theres time

Life section on fire lately I can’t front

My dad would try to use me like this if I didn't kick his bum ass to the curb

This was me years ago. Went full ssj on his dumb ass

No, seriously dawg you can’t let your mom use YOUR credit to get some s*** she can’t afford where you won’t even be living in it. This is an absolute disaster and that refinancing promise is empty. As you said her credit is s*** which means that she has a demonstrated history of not being able to pay back the money she borrows - that will not dramatically improve in the next 12 months and there are often SIGNIFICANT costs (several % of loan value) involved with refinancing a home. And if/when she defaults on the mortgage it will destroy your credit and impact your own ability to buy a home for yourself.

I don’t know how old you are, but this is clearly emotional abuse and you’re going to need to be a man / adult and stick up for yourself to your mom. Just because she’s your mom doesn’t mean this behavior isn’t unacceptable and emotionally abusive. It’s also a f***ed up deal for you. She needs to suck it up and settle for the apartment that she can afford.

Also do y’all even have the $70k for 20% down + closing costs on this home? If not you’re gonna pay PMI and if her 490 credit score is attached to this loan they will use HER credit score (lowest on the loan) to determine the PMI %. That’s Private Mortgage Insurance basically an extra premium you pay when you have >80% LTV (Loan-To-Value) ratio. It will be craaazzzyyy high with her credit score and that’s money you’re essentially pissing away.

What is the combined income of you & your mom?

Dont do it.

Can you call Dave Ramsey? This would make a great Dave Ramsey call

Please, please, please go freeze your credit in case she tries some shady s*** like using your SSN and signing for you on a loan

Yes necessarily. In what world is renting an apartment more than 300k

But he doesn't have to do all that and he doesn't want to