Posted on: 17th Nov, 2010 03:49 pm
Hello, it's been over 3 years since I sold my home, which was under chapter 13. I would say all of my bills have been paid on time, except for 1 car loan. Are there any chances of getting another mortgage? If there is a chance of getting approved, then how much money would I need?
Hi fozman68,
Welcome to mortgage fit,
for ch.13 you must have 1 full year clean credit....Apart from this if you have minimum 620 credit score,chances for getting approval greatly increases...
for further reference you may visit this link...
http://www.mortgagefit.com/fhaloan/chapter13-dismissal.html
Feel free to ask any further query if you have..........
DIPA
Welcome to mortgage fit,
for ch.13 you must have 1 full year clean credit....Apart from this if you have minimum 620 credit score,chances for getting approval greatly increases...
for further reference you may visit this link...
http://www.mortgagefit.com/fhaloan/chapter13-dismissal.html
Feel free to ask any further query if you have..........
DIPA
Thanks, and funny. I'm the one who started that link you referred me to.
I'm happy with my current rental, but it has been a battle to get credit score above 620. I was at 489 last November, now at 532? I have 2 car loans and 3 small credit cards. Any idea's on how to get score up by this time next year?
I'm happy with my current rental, but it has been a battle to get credit score above 620. I was at 489 last November, now at 532? I have 2 car loans and 3 small credit cards. Any idea's on how to get score up by this time next year?
Hi fozman!
Welcome to forums!
You can check out the given page in order to know some tips to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take a look at it. I hope it will help you.
Sussane
Welcome to forums!
You can check out the given page in order to know some tips to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take a look at it. I hope it will help you.
Sussane
Credit utilization is a big factor in your credit scores. If you can keep your revolving balances below 30% of your credit limit, your scores will go up.