This topic contains 3 replies, has 1 voice, and was last updated by Anonymous 7 years, 10 months ago.
- May 14, 2011 at 9:06 am #211653
how I verify my credi card.? becouse I can’t make no calls
- June 25, 2011 at 12:21 pm #330944
They will require 2 years worth of solid employment.
They will review your credit reports line by line, so it is worth it to “fix” those reports.
Get a book on Credit Repair.
You can negotiate a settlement, and sometimes do a pay on delete on one time items such as a medical bill.
They will notice items showing as paid and act accordingly
Get all three credit reports (not just one)
At Annual Credit Report.com
No credit/debit card required. They are 100% free once a year
Also a nice downpayment will speak volumes if you have any dings on your credit
- June 25, 2011 at 12:30 pm #330945
They will want to see:
– A good credit rating
– A good down payment
– A high enough gross monthly income
– Stable employment for the last 2 years
– How much other debt you have (generally you won’t be approved for a mortgage which would require a monthly payment more than 28% of your gross monthly income, and your total monthly debt repayments including mortgage cannot exceed about 36% of your gross monthly income)
Your credit rating definitely has to be in shape, but there’s more they’re going to be looking at.
- June 25, 2011 at 12:43 pm #330946
You can buy a home even with bad credit. Most likely, you will have to put down a larger down payment and will not qualify for the lowest interest rates available.
A good first step would be get in touch with a loan officer to find out if you qualify for a loan. If you don’t right now, they can advise you on the steps you can take to qualify down the road.
Also, you can try speaking to a state agency through the government’s Making Home Affordable website. Budgeting, credit counseling and more is available.
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