Bad credit repair and "no money down" home purchase.
Q: How bad can be my credit score if I am planning to buy a house with no money down? I checked with few lenders, and getting somewhat conflicting answers. I make enough money to show my income and have about $11,000 in savings. My scores are 605, 617 and 634.
A: I believe the cut off bad credit score for no-money-down purchase is 640. You are almost there. See what you have to do to improve your scores. No reason to hurry, the home market will be at the buyer hands for quite some time. But do check if my number is correct, but regardless do some credit repair. If you give some specifics I may be able to help, that is if you need any help.
Wed Jul 11, 2007 04:07PM by Tony | More in Credit Repair | Comments (1)
Recent Entries
- Visa Black Card benefits, fees
- How to reduce taxes legally - tax reduction strategies
- Follow up dispute letter to credit bureaus
- Gold investment forecast - predictions for higher prices
- Discover Card rewards, fees, interest rates
- How to lower your taxes
- Increase credit score 100 points
- Prepaid credit cards to rebuild credit
- Gold confiscation 2010, Obama, pre 1933 gold coins
- Missed credit card payment, credit score
Categories
- Announcements
- Credit Bureaus
- Credit Repair
- Debt Relief
- Economy
- Gold Investing
- Insurance
- Mortgage
- Personal Finance
- Stocks
- Student Loans
- Taxes
