Home Buying in Frankton>Question Details

charris, Home Buyer in Frankton, IN

Any houses in Frankton selling on contract? Need to build up our credit to buy.

Asked by charris, Frankton, IN Thu Jan 17, 2013

Help the community by answering this question:


Understand that buying a house with the SELLER holding the paper, normally does nothing for your Credit Score:
Whether you do a Lease/Option (very bad idea), or a Land Contract; most Sellers will not report to a Credit Agency, and you will not get the benefit of the payments.

You cannot avoid working your credit problems; you have to deal with them.
0 votes Thank Flag Link Thu Jan 17, 2013
Hello Charris, I would be happy to search and find out for you. There is a credit coach whom I work with that will help you get "mortgage ready". Please let me know if you are interested. Thanks Bunches Diane Wilson
ReMax real Estate Groups
0 votes Thank Flag Link Thu Jan 17, 2013
Also, what is the minimum credit score needed to obtain a loan?
Flag Tue Jan 22, 2013
Yes, I would appreciate you searching for me! Also, is it easier to get a loan to build a house or purchase an existing home? Or, does it matter?
Flag Tue Jan 22, 2013
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