our old property just sold in november but we were late on our mortgage. we want to buy another property and use part of the proceeds that we got from our sell, how will the 120 late days affect the loan process. It never went into foreclosure or N.O.D becuase it sold.
2007-01-27 13:31:27 · 4 answers · asked by chicken 1 in Business & Finance ➔ Credit
Depends on your FICO - did you check it ?
And most anyone can qualify, they just charge a wayyyyy higher % rate for bad FICOs .
2007-01-27 14:26:28 · answer #1 · answered by kate 7 · 0⤊ 0⤋
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2007-01-28 09:58:00 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Only time will tell. There is a loan officer network you can access by filling out the free evaluation form at
www.totaldebtsolutionsllc.com
There are any number of solutions from credit repair to non-conforming loans to hardmoney lenders to a combination of 2 or more of these.
Good luck!
2007-01-28 11:47:14 · answer #3 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
Probably not a very good loan.
2007-01-27 13:33:16 · answer #4 · answered by elk312 5 · 0⤊ 0⤋