Buying A Home
Tips on purchasing homes with less than perfect credit?
I have worked over the last two years to raise my FICO score has gone from 420 to 623rd Actually my current score is 600 (TU), 623 (EQ) and 683 (EX). I still have some open joints on my credit report that I am trying to get cleaned up. But I would really like to move into a home soon. Any tips would be appreciated.
I used to be a loan officer, and I will give you some useful tips. Your credit score averaged over 620 then you will qualify for a consistent mortgage. This means a low payment and lower interest rates. Also, what people do not know is that any collection account under $ 500 dollars, the bank will ignore when qualifying for a mortgage. So if each collection item is under $ 500 each, will you still be approved.