I have been working on rebuilding my credit and have it in the 675-700 range. I hope to be able to buy this year.
But I am on the hook with the IRS for about $ 50k in taxes from 2009 – 2013. I enrolled in their “Fresh Start” program where they debit me for approx $ 600 a month for the next five or so years.
Will being in this program harm my chances of a mortgage?
When you apply for a loan, I assume you have to submit all of your tax information, correct?