Archive for the ‘Renting & Real Estate’ Category

Does getting a mortgage help your credit?

dpljr133 asked:


I have worked on fixing some minor credit issues i have everything cleaned up i just got a mortgage on a house and i will pay it on time of course i got 6.5 percent how long does it take before it helps my credit score??

Bernice
 

Does anyone know a lender who will do a 90% purchase with a 588 middle score on fixed income?

Patrick F asked:


I also have a borrower with a similar situation, but her credit score is 609. That’s her only score. Please let me know. Thanks.

Juan
 

What do landlords or managers look for in a credit report?

Christine asked:


I currently own a condo and want to rent it because I am moving to Hartford fairly soon. The market is horrible right now to try and sell!

I plan to rent a place in CT. Most of the ads I see request a credit check. My credit isn’t horrible but not good due to debt to income (my credit score is pretty low). I don’t have forclosures, repos or deliquencies on accounts. Just a few medical bills that are pending legal action.

What do they look for when they view the credit report?

I took a huge pay cut due unfortunate circumstances. I relocated from Georgia with my son and had to leave my successful career to start over again. I now have an opportunity of a lifetime at the same company I worked for 7 years. So my credit isn’t due to lack of responsibility- just hard times!

Any advice would be great. I just would hate to find a great apartment and then get turned down due to credit issues that could be fixed when my salary increases- which it will by $25,000 and then some.

Patricia

 

Can I buy a house with a credit score of around 505?

HailieBabie asked:


I have recently been fixing my credit and I am still in the process. My fiance and I want to buy his parents house for about 140,000ish…give or take a little. I make about 28-29000 a year and have been at my job for almost 3 yrs….he however doesnt have that stability and only makes between 9-13000 a year…. Do you think that we have a shot at getting the house…and is there anything special that we can do to get the house being that we are trying to buy it from family and that this would be our first time buying a home.

Mario