Is it possible that we can buy a house bad credit?
We are a family of 4 want to buy their first home. I was a single mother for 8 years and during that time became seriously screwed my credit history and still is. My husband divorced her and I found myself with all of your bills, your credit so screwed. We found the perfect house and enough money for 10% down, after we get our tax refund, but do not know how to go about getting a mortgage. I figured it out, and our mortgage payments would be half of what we currently pay for rent. This would allow us to begin to fix our credit problems, not to mention how absolutely spectacular this would finally a house of our own. Has anyone advice on what to do? Who should we ask? The owners of a house we love is about to try to rent it for five more than what we pay now. I fear that we will not maja.Ma am aware that it is better, before trying to clean up our credit loan no. I also understand much more than renting a house goes to the owner (or should), but we have already made their improvements, etc., our rent. We came from all over the house while searching for a better rent. Does not hurt to dream, I suppose. Thank you for your answers and opinions. Even the toughest villain. Have a nice day.
My husband and I are first time buyers in California. My score is 585, the 608th of his We are looking to spend about $ 125,000, and has established $ 40,000 as a gift for my mother-in-law. He is also willing to co-sign a mortgage, if necessary. What are the chances that we will be able to get a mortgage and what interest do we look? We are currently enrolled in a plan of debt management, which forced us to close all credit accounts. During this process, we had more time, it was reported 60 days later, looking at our situation to creditors. Is there a difference if we were able to pay this debt now, before applying for a mortgage? Our credit card debt totaling approximately $ 14,000, and that our debt is $ 19,000 balance of the car loan. Car payment $ 391 per month and pay $ 597 DMP. Our annual income is about $ 68.000.Palun Help! Plan of debt management before us, we were not late, and much better credit score …. Does it reflect? Or is it strictly based on the score? If the accounts are now standing in GOOS, and now that woud help? I’m sad … my stepmother is a great … He offered to our existing debt credit card zero percent it is to withdraw our credit profile. It would certainly be a part of the loan. The contribution, however, is undoubtedly a gift, and he does not expect repayment.