Mark asks…
Is it possible to refinance 3-5 day with a low credit score?
I’ve been dealing with many lenders for the past 30days who gave me empty promises. I understand that my loan is consider somewhat complicated due to the fact that my mid score is appox. 542 & that I had 1X60day late on my mortgage. But why is it so hard trying to find a lender who can do a 85% LTV? I have plenty of equity but yet, I’m having a hard time being approve..is this an impossible loan?
answers:
542 to most lenders would be a no go, no matter how much equity you have. Credit is based on both on ability to pay and willingness to pay. 680 is usually the lowest score for prime, you may find someone who will loan but you will pay a high rate and fees for the privilege.
Good luck!
John asks…
I have a 548 credit score, am i still eligible for low income mortgage?
I am qualified as a low income person and i applied on the maine housing authorities and i was eligible for their prequalifications.
answers:
Buildcredit.ifastnet.com – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
Powered by Yahoo! Answers