If I have a 30,000 down payment for a 150,000.00 house.?

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If I have a 30,000 down payment for a 150,000.00 house.?

Will the loan company take into consideration a divorce taking a bit of a toll on my credit report in the last two years? I have a consolidated payment that is in perfect standing with all bills that caused report to drop a year ago.

2007-07-10 08:58:43 · 3 answers · asked by New Nana 4 in Business & Finance ➔ Credit

3 answers

Go for it. I'm sure you'll get the house. Shop around for a good loan.

2007-07-10 09:15:37 · answer #1 · answered by hottotrot1_usa 7 · 0⤊ 0⤋

The fact that you are putting 20% down will help with bad credit, but it will not erase it. You might end up paying a higher interest rate for the mortgage because of credit.

2007-07-10 16:16:53 · answer #2 · answered by Don 5 · 0⤊ 0⤋

Its your credit they look at. not divorce or not.

2007-07-10 16:08:47 · answer #3 · answered by Gengis 6 · 0⤊ 0⤋