Kevin,

Are you still in the same line of work since you had the laspe of employment? If so, you are in a good position to purchase. Due to the decrease in jobs laying off, that would be an explanation as to why you were late on your bills. When you are ready to purchase, contact your Lender of Choice or I could refer you to one as our office is a One Stop Shop... Lender to get you qualified, Realtor to assist you in locating your Home, Closing Attorney to seal the deal ...

FYI, don't allow any Lender to run your credit until you are ready ! You can have your annual credit report at no cost so that you can evaluate what the Lender will see.


SAVVY BROWN
Associate Broker
Metro Brokers GMAC Real Estate
404-201-5138
savvy.brown@metrobrokers.com

As has been recommended, get the course of action from a lender. I would suggest touching base with a bank and a mortgage broker - get as many opinions and options as possible. They'll want to see you working for a few months as showing some stability as well.

Hank

Call one of these lenders. They will get you on the right track for buying a home!

Be sure to tell whoever you talk to that James Dudley sent you!!

If you need a good realtor you can probably guess that I only have one recommendation for that job!


Brian Stephens
Wells Fargo
Sales Manager
Office: (678) 742-3644
Fax: (404) 506-9818
Contact Me
Web: https://www.wfhm.com/wfhm/brian-stephens/index.page

Hometown Mortgage
Jim Harvey
Phone: 770-475.6161 x 362
Cell: 404-375-6600
Fax: 678-550-9800
E-mail: jim@AskJimHarvey.com


Kelli Mann
Loan Officer Prestige Mortgage
Direct (770) 827-7768
Office (678) 990-9193
Fax (678) 990-5424
Email kelli@prestigemortgage.net
Web http://www.prestigemortgage.net/kelli

Good Mrnoing Kevin,
The very first thing I would suggest is to sit down and talk to a lender. He can pull your credit and let you know what you need to take care of right now, & what will be counted when quilifying you for a loan. Some bills that can be paid off in 6 months are not counted. You can get a lot of information from them regarding the loan process and what it will take to get a new loan. Be aware that you might not be able to buy as much house as before but at least it will be a start. If you need a lender let mk know. I will be glad to help you start this process again. youner Mcleod cell 703-980-0031

Kevin,

You probably would want to talk to a good loan officer that can advise you on actions that you can take to improve your situation.

One thing you can do, SAVE, SAVE, SAVE! Money makes a lot of headaches go away. IF you have a larger downpayment or even money reserve, you will do much better.

Let me know if you need a referral for someone who will walk you through the process!

Your first move would be to get a pre-approval from a reputable lender in your area. If they can't issue one they should be able to offer suggestions as to how to improve your credit scores and/or debt to income ratios. Always be up front with your lender and REALTOR because any overlooked items could come back to bite you during the loan underwriting process. Most of the lenders I use offer a preliminary loan committment from their underwriters (which is more involved than a basic pre-approval). Start with your bank or credit union for a pre-approval.

Good luck!