Home Buying in Bronx>Question Details

Rj, Home Buyer in Bronx, NY

What is the best way to prepare to purchase a co-op if you are in the process of renewing your credit.?

Asked by Rj, Bronx, NY Fri Dec 28, 2007

If your in the process of renewing your credit score what are co-op boards looking for in terms of finances. Say for instance you have a score of 574.

Help the community by answering this question:


I can only think of a couple of suggestions:

Get evidence that your debts have been paid off. i.e. - student loans, judgements - letters of satisfaction; Have a lot of liquidity in your accounts and be willing to pre-pay your maintenance; and pay as much up-front as possible, i.e. don't finance your purchase.
0 votes Thank Flag Link Sat Dec 29, 2007
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