Melissa Hailey

I would recommend that you talk to a reputable mortgage company and have them give you an honest assessment of where you currently stand and where you need to be. Once you know where you are and where you are going, they will give you some steps to help get from point A to point B.

Some mortgage companies have departments to help you clean up your credit, and others just give you advice on how to do it yourself. It really depends on how much time/energy you have to devote to this or how much you may be willing to pay to have someone else do it for you.

Either way you look at it, the most financially sound way to go is to wait to buy a home....while you work to restore your credit rating and save up some reserves for the purchase. The fastest way (to buy now at a high-risk interest rate through a high-risk lender) is going to cost you more than that apartment in the long run.

If you would like some recommendations on reputable lenders in the D/FW area, please feel free to get in touch with me. I am happy to give you get you in touch with a reputable lender who can help get you on the right track.

Melissa Hailey
Coldwell Banker Jane Henry Realtors
North Texas Top Team, Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com - Wed Nov 18 2009, 10:25