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Financing in 11375 : Real Estate Advice

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  • Home Buying45
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Activity 1
Tue Aug 17, 2010
Joseph Hastings answered:
Hi Denise. Be thankful of your spouse. If you are pre-approved, why are you looking for a private mortgage lender?

Since you're rebuilding your credit (736 is quite good) and your spouse is golden, you should have no problem with a loan. Of course, you don't mention if you've found a coop to purchase. By the way, a pre-approval is not a comittment. The Lender will hire an appraiser (you'll pay for that) to make sure whatever you choose to purchase is not over-priced.

You appear to be in very good shape. Sure the bankruptcy will sit on your credit report for many years but your blended credit score with hubby should allow for a great rate. Best of luck.
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