I have better incomce but wife has superb credit, lower income by JonathanAlders1 from Simi Valley, California. Apr 26th 2011
The answer is: both. You need good credit to qualify for a mortgage but you also need to be able to make enough money to be able to afford the new house. So the question you need to ask is: How long will it take to fix my credit?
Also depends on the type of financing you are looking for. FHA you need a 640. Conventional you need a 620 but 10-20% down, versus 3.5% on FHA.
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