My partner and I have been having troubles with our current living situation and are looking to buy a house as soon as possible. But, we are having trouble deciding if we are even in a position to buy or at a stage where we could be approaching lenders.
My partner is solid:
- $88,000 annually
- 830 credit score
- $80,000 down payment
- $180/month in student loan repayment
I am not so solid:
- I just finished law school, and have a 10 month Articling contract beginning in August (this is very standard for lawyers).
- I will be paid $98,800 pro-rated ($1,900/week).
- 830 credit score
- $36,600 federal student loan debt (not yet in repayment)
- $13,000 SLOC (not yet in repayment)
- I do have some assets such as a new car that has been paid off, a $40,000 locked in pension, and about $15,000 cash.
Anyway! Looking for advice on whether it would be worth it to approach anyone.
Thanks!