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Mortgage with temp CO??

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Icon Mini Profile joieann127





Joined: 24 May 2010

Posts: 1

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Post Posted: Mon May 24, 2010 7:41 am    Post subject: Mortgage with temp CO??
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Hi All -

My husband & I built a home in nj & paid cash up to this point. The town is being a pain & asking for us to do much more then they originally requested & we have run out of money & all of our credit cards are maxxed. Can we obtain a mortgage or equity loan with a temporary CO in the state of NJ??
Icon Mini Profile manoj_gopale
manoj_gopale




Joined: 16 Feb 2009

Posts: 488

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Post Posted: Mon May 24, 2010 9:04 am    Post subject:
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hi joieann127

welcome to mortgagefit

I am really doubetful and strongly sense that there are hardly any chances for temp Co type housing to get a mortgage.
As you have already stated that your credit cards are messed and thus it would have surely resulted in minimizing your credit score.Frankly speaking I hardly see any chances for mortgage.but at the same time you can build your score over a period of time and then you will have better chances to get a mortgage.
keep in touch.....
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