Good Morning!
I originally sent this email out to you about 1 year ago.
However, I get asked about this so often, I wanted to re-print the email here for you now…
I get asked this question a lot by clients who are buying houses…
…”Can we just roll closing costs into the loan?”
The short answer… No.
Good Morning!
I have customers call me every day – worried that their Medical Collections will keep them from getting a loan.
From a mortgage underwriting perspective – if you have Medical Collections that are over 12 months old – they will be ignored for the most part by the government insured loan programs. …such as VA and FHA.
Good Morning!
There’s a general rule in the mortgage industry about getting a mortgage after a bankruptcy.
…The rule is that the underwriter will want to see at least 3 trade lines that were established after the bankruptcy – each with at least 12 months of history. …and, good history – no lates.
However, with every rule there is an exception…
Good Morning!
If you are trying to buy a house – but your spouse has no credit scores you have a problem.
Good Morning!
Here’s trick I’ve used successfully on borrowers that have high debt to income ratios on conventional loans.
Good Morning!
I wanted to remind you that I’m still doing purchase loans down to a 600 credit score with only 3.5% down payment.
Video For You… How To Qualify For A Manufactured Home Loan.
Good Morning!
I just wanted to remind you that if you are thinking about doing credit repair – please let me take a look at your credit first.
I say this for three reasons…
1) There are often cheaper, quicker, and easier steps you can take to bump your scores than full blown credit repair.
2) Full blown credit repair can take a while to complete – and some companies charge A LOT for it.
3) Many credit repair companies employ wholesale “disputing” of your accounts. If you’re not careful – this can get you stuck in what I like to call “dispute cement”. …and it can kill your loan.
So, if you are thinking about employing a credit repair company – I would encourage you to let me take a look first.
…Just give me a call or shoot me an email. Tell me what you are considering.
…I just might be able to save you money – and get you in a house sooner!
Thanks for reading – and have a great day!
Brett
Good Morning!
I just had another example last week of one of my borrower’s scores going up 26 points in 30 days from adding this card to their credit.
It will cost you $100 to open the account, but they give you a $5,000 credit line. (and that’s why the bureaus like it)
So, if you need some points on your credit – try it out…
www.oxp.to/ycanswer
Thanks for reading – and have a great day!
Brett
If you are having trouble making your house payments – I have something you might want to look at.
There are Loan Modification shops out there that will charge you thousands of dollars for something you can do yourself.