Posts Tagged ‘Credit Report’

if trying for a home mortgage for the first time, with bad credit, can i?

Sunday, October 12th, 2008
home mortgage loan credit
samantha r asked:


get a copy from a rent-a center on stuff that i purchased, to show good payment history for the past couple of years(puchased a washer and dryer on a 2 year payment plan, and was never late), if i don’t have a lot of good payment history on my credit report?

if so, will this help get a home loan by showing something like this to them?

Herbert

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Posted in Personal Finance | 9 Comments »

If you have judgements on your credit report can you still get a mortgage loan?

Saturday, October 4th, 2008
home mortgage loan credit
Teresa D asked:


We have 2 medical-related judgements and one from a credit card on our credit report. We spoke to a lender about buying a home and he said every mortgage companay would deny us because the people who have the judgements against us would put a lein on the property until they were paid. Is that true?

Renee

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Posted in Renting & Real Estate | 4 Comments »

even with the mortgage meltdown, can i still get a 100% home loan after 1 year post bankruptcy?

Friday, July 25th, 2008
home mortgage loan credit
ronald m asked:


even with the mortgage meltdown, can i still get a home loan after 1 year post bankruptcy? my middle credit score is 624. i just paid off a $1000 credit card and the impact (if any) from that isnt showing on my credit report yet. if i have a chance, can someone please point me in the right direction.

Reginald

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Posted in Personal Finance | 6 Comments »

Home mortgage: Making down payment using credit card offer?

Thursday, April 10th, 2008
home mortgage loan credit
qadata asked:


History: This person applied for home mortgage loan 7 months ago. At that time he did not have any liabilities/loans and had funds in his bank account too.

Bank went through loan approval process and approved this person for several types of loans (80/20, 80/15/5, etc) after looking into salary, bank statements, etc. This person went ahead and signed a contract with builder to build a new house.

Things have changed and now this person does not have money to make even 5% down and still wants to proceed with home purchse since there are enough credit card balance transfer offers he can use to make 5% or even 20% down without a problem.

I guess my question is would bank have any issues with down payment using credit card balance transfer? Is there a possibility bank would know this person ows money to a credit card company (if not timed properly since they are going to run a credit report again)? Has anybody done it before? any legal issues with this approach?

Thanks!
QAData

Anthony

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Posted in Renting & Real Estate | 3 Comments »