Using an authorized user account to help a spouse or child can
be a good idea to help them establish or re-extablish credit. But
this should be only for short term and should be looked at before
thinking about applying for a mortgage.
Mortgage guidelines now require borrowers be romoved as
authorized users before approving a mortgage application. Planning
ahead and taking the right steps will ensure the borrower is ready
and able to obtain a mortgage. With so many first time buyers in
our Arizona market it's important that we are constantly being
updated to the most recent Arizona mortgage guidelines.
read the whole market update, click here.