You may do either one. However many people have found it easier to go through a Lending Institution, because they can pre-qualify you at the same time that he/she orders the VA Certificate of Eligibility, and this saves you time.
We have excellent local lenders who are experienced with VA loans. Contact me for further information on closing costs, rates, and guidance through the buying experience.
Coldwell Banker Sudderth Nelson Inc.
You are correct - the websites that offer you your scores give your credit report for free, but the scores portion is what most consumers are after, so that part you have to pay for for auto-enroll into a monthly credit monitoring service, etc.
Unfortunately even after you pay for those scores, the those scores usually vastly different than your actual credit scores that mortgage lenders pull - the reason being is the scoring models.
When you get your credit pulled by a mortgage lender, most use the scoring models of:
BEACON 5.0 for Equifax
Classic 04 for TransUnion
Fair Isaac v2 for Experian
TrueCredit is run by TransUnion, and the scores are pretty much just based on some algorithm that they cooked up. Not even your TransUnion score from there is your actual TransUnion score. See on their website http://settlement.transunion.com/popup/scorePopUp.jsp it says:
"TransUnion Interactive is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company."
TrueCredit is one of the better ones though as far as the content of your credit report. The reason being is that it puts the data in a 3-in-1 tri-merged format which is what us mortgage lenders view, so it is pretty easy to review someone's credit if they come to us with a TrueCredit credit report. The scores from it aren't worth much (we jokingly call them "FAKO" scores), but the data on it can give a savvy loan officer a good idea of what your actual credit scores would likely be.
As far as getting your real credit scores, about 2 years ago Experian actually took away a consumer's ability to get the Fair Isaac v2 version of their scores, pretty lame move if you ask me, but remember Experian's clients are creditors, not consumers. TransUnion also doesn't make it's Classic 04 score available to consumers, but it does offer the Classic 98 version (the older version, which most mortgage lenders do not use anymore) which can be obtained at myFICO.com. However Equifax rocks, they still make their BEACON 5.0 score available through myFICO.com, so you can get your exact Equifax score to what a mortgage lender will pull through there (or at least for me it's been accurate ~99% of the time). The format of myFICO.com's reports is not the 3-in-1 though, they are each individual, so it is a bit cumbersome to review (each bureau's report is like 25 pages).
So for Experian, you can only find out your "true" score by having a mortgage lender pull it. Equifax you can go to myFICO.com for (it's not free). TransUnion you can get an older scoring model from myFICO.com from (also not free), but not the current scoring model score.... more
When it comes to any legal advice and in order to protect yourself, it's best to consult with an attorney who specializes in real estate, see exactly what options you may have, and go from there.... more
Without knowing your overall finances--for an accurate answer do visit with any qualified loan officer(s) first, see if you do qualify, the type of loan, how much and have your credit scores checked, as their scoring is often different--your loan officer can best advise and if credit needs improvement, may suggest great ways to do so in the fastest time--then go from there.... more
I would suggest making the payment. You entered a contract in good faith. It's good that you found someone to take the payment, but they should have agreement with the original seller. That not only protects the seller, but you as well, and the new buyer. Your need/decision to move should not adversely effect the person who was willing to finance. They are still entitled to the payment and are probably counting on it to pay their own bills. Good luck to you and I hope you do the right thing.... more
I believe at this time you should be looking to consult with a real estate attorney. You are basically transfering ownership on paper in comparison to when you are buying an unknown property where they are alot of unknowns and the process is more intricate. Both of you are entitled to legal representation and an attorney will be able to safeguard your rights and guide you.... more
The best area in Alamogordo depends on your needs and wants. The golf course area is a much desired neighborhood by many looking for a home in Alamogordo. There are other areas though that meet the needs of many of my buyers. There are new neighborhoods with homes built in the last 3 years as well as new construction. Then there are older established neighborhoods with well-built homes. I would be glad to show you what is available in these areas or visit my website for a search of all of Alamogordo.... more