Home Buying in San Antonio>Question Details

MERODRIGUEZ55, Home Buyer in Sulphur Springs, TX

Can I still purchase elsewhere eventhough I dont have much for down payment and bad credit due to high mortgage?

Asked by MERODRIGUEZ55, Sulphur Springs, TX Sat Jun 15, 2013

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4
Don Groff’s answer
Definitely get in touch with a lender who can guide you and get you moving in the right direction. The first step is knowing where you are so you can reverse the damage. Depending on how long ago your foreclosure was you may have to wait so use that time to rebuild your credit. Please look back at my past answers on how to best do this.

Hope this helps.

_____________________________________________________
Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
Web Reference: http://www.AustinListed.com
0 votes Thank Flag Link Sun Jun 16, 2013
Visit with any licensed loan officer; a determination on mortgage qualification can only be made once he/she reviews your overall financials; however depending on just how bad your credit is, it may be in your best interest to continue raising the score and saving additional money.
1 vote Thank Flag Link Sat Jun 15, 2013
Let's get you in touch with a qualified lender to assist you at this time. Much more information is needed before your questions can be answered. I sure you would enjoy the privacy of a personal one on one conversation.
If you want, I can get you in contact with a loan officer willing to help you work through some issues.

Sue
0 votes Thank Flag Link Sat Jun 15, 2013
I would definitely appreciate if you can tell me who to contact.
Thank you
Maria
Flag Wed Jun 19, 2013
Thank you for your response. I would definitely appreciate talking to a loan officer, eventhough I have done so...My situation is a bit difficult. My mortgage payment is so high that makes it impossible for me to bring my credit score up, much less save money on the side.
Flag Sat Jun 15, 2013
As a real estate Broker - I am unable to answer that question. Also, I am not tied to any specific mortgage professional who can help you with an analysis of your situation. If you would like to call me on Monday (210) 651-9300, I will give you 3-6 names of mortgage officers who help with my Realtors needs on occasion. Thanks for your question and allowing me to respond.

Royce Simmonds, Broker-Owner
Simmonds Real Estate Inc.
http://www.roycerealestate.com

35 Years Air Force Active Service (14 Enlisted/21 Officer)
0 votes Thank Flag Link Sat Jun 15, 2013
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