Would you try to run a marathon on a really badly bruised ankle? So why would you commit to a thirty-year mortgage with badly bruised credit?
The prescription for each is rehab. Rehabilitate your credit, build up your strength as a borrower, get back into the swing of paying off your bills on time. Then, and only then, should you consider taking out a loan to buy a house.
I work with a great mortgage consultant who had helped a lot of my buyers in difficult situations to buy a home. If he canâ€™t help you now he can definitely let you know what you need to improve in order to buy a home in the future.
Give me a call at your convenience.
Realtor, Sales Associate NJ & PA
Keller Williams Princeton & Delaware Valley Realty
Office: (609)987-8889 Ext.1328 Cell: (347)782-2036
Search for your dream home by Features, Location, School district or listing number at:
Visit with a Lender.
Find out what your issues are.
They will tell you if there are programs that will work for you.
They may also be able to advise you on ways to best repair your scores
First off, "bad" is a relative term. What used to be considered bad is now closer to average. So it depends on a lot of different factors.
I am a Realtor here is Hamilton and I can certainly point you in a few different directions with regard to both your credit and future real estate investment.
Feel free to give me a call or shoot me an email anytime.-
Smires & Associates
Hopefully your perception of bad credit is not as bad as you think. Speak to a reputable mortgage representative to see how the see your credit. If your credit is not where it should be to purchase get direction from the mortgage representative on steps you should take to repair the credit to get you in a position to buy in the future
Hope this helped you by giving you direction.