Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

trying to take advantage of govrnment rebate

Author Message
Icon Mini Profile jacobdhillyard





Joined: 02 Aug 2009

Posts: 2

1.93 Dollars($)
Post Posted: Mon Aug 03, 2009 9:31 am    Post subject: trying to take advantage of govrnment rebate
Like 0
Dislike 0

my credit is bad at around 600 fiancee is 750 can she get a loan for being a waitress she makes more than it shows on paper and how long will it take to get my score up to 620-650
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
Post Posted: Mon Aug 03, 2009 8:43 pm    Post subject:
Like 0
Dislike 0

jacobdhillyard


Welcoem to the forum

Your girlfriend can qualify based on her income on her pay check. But if you cna prove the extra income by menas of W-2 or some thigns she may eb eligible for more.Improving from 600 to 620 depnds on how is your credit report and what you are goign to do going forward

Your credit score and report is based on the following

35% is based on payment history
30% Amount you owed
15% length of history
10% New credit
10% on types of credit

As you can see 35% is payment history, if you are going make payment on time now, it will help you to improve the score quickly and the next 30% is how much you owed. As you keep making payment it will reduce the amoutn you owed helping again to improve your score and report.

15% is length of credit history

Good luck and feel free to ask
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

35.55 Dollars($)
Post Posted: Wed Aug 05, 2009 5:29 pm    Post subject:
Like 0
Dislike 0

Good suggestion
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
Post Posted: Wed Aug 05, 2009 7:03 pm    Post subject:
Like 0
Dislike 0

Thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.075 seconds.