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Can i get a mortgage loan with a 556 credit score?
If I have already live in the house that I want to buy and the owners want to sell it & give me credit for what I have already paid in the amount of time that I have been here which is $ 10,350. What are my chances with the bank letting me take over the mortgage ?
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What is the minimum credit score for a
I have a credit score of 676 will
Should I apply for a mortgage loan with
if you default on your mortgage and apply
i have two mortgage payments 80/20 my credit
Recovering from a 502 credit score to get
Need approval for a Mortgage loan but not
When applying for a mortgage loan, how do
Will my credit score be checked after a
Probably not.
These days, most mortgages are not assumable which means that you can not just take over the payments. You would have to qualify for a new mortgage on your own.
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LikeDislikeThe chances are very low that the bank would let you assume a mortgage. You will need to get a new mortgage to buy a home–but that probably won’t be possible with your current credit score. Here are the fastest ways to raise your credit score: http://moneygirl.quickanddirtytips.com/raise-credit-score-fast.aspx
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LikeDislikeNot very likely. I would do two things. First I would do EVERYTHING I could to clean up your credit in preparation of getting a mortgage someday. I would also talk the current owner into continuing to let you rent/lease the place under an agreement like you have now until such time that you can get a mortgage.
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