what a coup;e with bad financial record can buy a house but with good record paying rent can do?

Asked by Laura Ellis, West Highland, Denver, CO Tue Jun 5, 2012

well my husband and I we have a bad credit but we have a full time job and we pay our rent always on time what we can do to buy a house.

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Julie Montgo…, , 80238
Sun Jul 8, 2012
Hi Laura -- it depends. If you recently experienced a bankruptcy, short sale or foreclosure, each answer is different. The other option is to find an "owner carry" property, which means the seller carries the note until your credit is good enough to refinance. These properties can be hard to find, but they are out there.

Please let me know if you have further questions. Julie Montgomery, RE/MAX Masters, Inc., http://www.jmontgomery.com
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Kevin (720)…, , Denver County, CO
Wed Jun 6, 2012
The best place to start is with a experienced mortgage banker that will help you start the process. Everyone is different and your question can be answered. I have a referral for you if you like.

Verde Denver Real Estate
0 votes
Ray, , Denver, CO
Tue Jun 5, 2012
As much as that sounds easy to answer, it can be very complicated. Every credit profile is different. So what is easy to bring up scores for one consumer may not be for another. Quite honestly it could require credit repair. You may have a few simple fixes, or years of repairs ahead. You won't know the answer until you sit with an extremely experienced lender. We're not all created equal. Feel free to check out my website, and heck, what people say about me on google. 10 years in the trenches, doing things other lenders can't .

Best of luck-

Ray Williams
Branch Manager
Summit Mortgage Denver
303-779-0591 x101
Web Reference:  http://www.fhacolorado.org
0 votes
Robert McGui…, Agent, Denver, CO
Tue Jun 5, 2012
Hi Laura,

It sounds like you need a good lender to sit down with you to review your options. These are my best 2 lenders that will be glad to assist you:

Joe Massey
Denver Mortgage Co.
Direct: 303-809-7769
Email: joem@denvermortgagecompany.comColorado
Lender ID: 100017422N
MLS #: 7538

Lonnie Glessner
America's Mortgage LLC
P.O Box 271533
Littleton, Colorado 80127
Office: 303-993-2367
Cell: 303-881-6374

If you see that purchasing is the best option for you don't hesitate to contact me. I will be glad to help. Normally, purchasing is the best option, otherwise you will be paying someone else's mortgage instead of your own - http://j.mp/JFzjYI

Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct – 303-669-1246
0 votes
Joetta Fort, , Arvada, CO
Tue Jun 5, 2012
Find a good lender who will look at your situation, then take the time to sit down and chat with you about what you can do to improve your credit. They should be able to tell you step by step what to do, and how long it will be until you could qualify to buy a house. I know of such a lender, if you want to call her let me know.
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