Okay my credit is not very good well my score's are in 539,592,574 and i really want to buy a home ASAP i no there low but then again i no there is people willing to work with me but i just dont no any where i live which is southern california i have a very good job but just looking for some one to finace me!! And i dont want to keep running my credit all the time but please if you no any one please fill free to answer this question!!!!!!
2007-10-11 06:44:29 · 4 answers · asked by dsm562 3 in Business & Finance ➔ Credit
Dsm562,
Please don't buy a house. ur job is only as secure as yesterday.
visit daveramsey.com so u don't learn the hard lessons the hard way, just learn from others mistakes. keep renting it is temporay untill u got real money to own a house.
u don't need it to drown u .
2007-10-11 06:54:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In the current housing market, you are not going to find anyone to give you a mortgage with that kind of credit. Besides, California is one of the biggest bubble busted areas.
If you want to buy a house, first work on improving your credit. Get a copy of your credit report. Dispute any errors. Start negotiating settlements on your old debt. Start with the newest one and work back to the oldest. Get any settlement agreement in writing and don't give them access to your bank account. You can settle your old debt for 75% to 50%. Lump sum gets better deals. Payment plans will have to be short term.
A mortgage company will require you to clean up all those negatives anyway.
If you have current credit card debt. Pay off those credit cards. Then only charge what you can afford to pay in full each month. You need to establish a 2 year history of on time payments.
You should also start putting a set amount in a savings account for a down payment.
2007-10-11 07:13:46 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Here is the answer that you are looking for. i had the same problem as you.
Many people out there believe that credit repair is a scam. And, to be honest, there are a lot of scam artists out there posing as credit repair specialists. However, it should be noted that most of the myths about credit repair are perpetuated by the credit reporting agencies. They don't want you challenging what they do because it costs them money. So they will tell you that you don't need to do credit repair or that you can do it yourself. While that is true, it is also true that you can repair your car yourself when it breaks down. However, you take it to a mechanic because you know the mechanic understands engines better than you do.
I KNOW its legitimate i went from a 502 credit score to a 767 in a few months~~~Best thing i ever did!!!!!
The company i used offered a money back guarantee.
The decision is ultimately yours. there credentials and reputation are unimpeachable. It comes down to, are you going to listen to people who only believe what they hear on TV or are you going to believe people who actually work in the field every day and know the truth?
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2007-10-12 02:16:33 · answer #3 · answered by carrieazgirl 3 · 0⤊ 0⤋
you might be able to do FHA financing as they dont have a score requirement. You cant have any credit lates in the last 12months....and you will need 2.25% down.
you can have the seller pay your closng costs as well.
2007-10-11 09:01:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I don't think your chances are very good at all considering the Subprime crisis...Unless something you may want to look into is a "rent to own" situation.
2007-10-11 07:07:01 · answer #5 · answered by Angeleyes78 3 · 0⤊ 1⤋