Home Buying in Manvel>Question Details

Tonya, Home Buyer in Manvel, TX

i'm t5rying to buy a new home in texas i'vebeen paying my mortage on time fo 2yr my payment didn't post on time i' m late will i

Asked by Tonya, Manvel, TX Thu Sep 8, 2011

still get appove loa

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If the lender NEVER posted your payments for 2 years on timely you need contact lender that damage to your credit COULD be liablitiy issues.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Thu Sep 8, 2011
Hi Tonya,

Your question is not complete but it looks like you are asking if you will be able to buy a house with a late payment. You will want to talk with your mortgage broker or banker and let them run your scenario... many lenders will not allow a 30 day late and will require you to have a full year of on-time payments.

Remember banks only look at 30 day lates, if your payment posted after the 15th there will be a late fee but the payment is not technically late as far as your credit is concerned.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
0 votes Thank Flag Link Thu Sep 8, 2011
Hi Tonya,

Your question is not complete but it looks like you are asking if you will be able to buy a house with a late payment. You will want to talk with your mortgage broker or banker and let them run your scenario... many lenders will not allow a 30 day late and will require you to have a full year of on-time payments.

Remember banks only look at 30 day lates, if your payment posted after the 15th there will be a late fee but the payment is not technically late as far as your credit is concerned.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
0 votes Thank Flag Link Thu Sep 8, 2011
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