2006-08-28 16:38:36 · 6 answers · asked by juan r 1 in Business & Finance ➔ Credit
You should try to have a credit rating of at least 650 before you start house browing. Make sure if you have any credit cards, you try to stay below 40% of your total allowance on each card. Also, if you have any debt, or bad credit on your report, pay that off entirely before attempting to buy a home. Hope these tips help.
2006-08-28 16:42:58 · answer #1 · answered by LOVEISNOCOLOR 2 · 0⤊ 0⤋
Dear Juan:
Your credit score should be about 500. The higher your credit score, the lower your interest AND the more financing options you have. There are literally thousands of programs out there designed to help people finance their homes. Please e-mail me at amkornele@yahoo.com. I can send you more information on No and low downpayment programs and the types of mortgages out there. I hope this helps!
Anne : )
2006-08-29 01:36:01 · answer #2 · answered by amkornele 3 · 0⤊ 0⤋
700..
Credit Score Explained
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html
2006-08-28 23:36:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to this sight and educate yourself on credit before you buy anything...
Federal Trade Commission (FTC)
Working for consumer protection and a competitive marketplace.
Category: Federal Trade Commission (FTC)
www.ftc.gov - More from this site - Save
2006-08-31 21:58:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You need to get pre qualfied for a mortgage. A few things go into how much money you can brrow, not just your credit score. You can get more information here
http://www.custommortgageassociates.com
2006-08-28 16:45:58 · answer #5 · answered by john g 2 · 0⤊ 1⤋
none. your house will be used as collateral.
2006-09-01 09:35:55 · answer #6 · answered by Mr.Morgan 4 · 0⤊ 0⤋