Buying a home for the first time is a big life moment, and so is marriage. So if you're considering tying the knot and buying a home, there are a few things you should consider before deciding which you do first.
Mortgage companies won't use the highest credit score between you and your partner or even the average of your scores. They will focus on the lowest credit score, so if your spouse has a credit score that would keep you from getting the best rate possible, you may want to apply before you get married.
For dual-income couples, getting a mortgage with both spouses on the loan usually means you will qualify for a bigger home loan. However, if your spouse isn't on the loan with you, then your lender won't consider your spouse's income. That means you'll probably have to settle for a smaller, less-expensive home.
You also need to take into consideration your spouse's debt-to-income ratio. Watch to find out what that means, and how it could impact your chances of getting the mortgage you want.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!