Posted on: 26th Aug, 2009 02:14 pm
Can you get a second mortage with a credit score of 430-450
Hi Guest,
It would be impossible for you get a mortgage with a credit score of 430-450. The minimum credit score required to get a conventional mortgage is 720-740. If you're planning for a FHA mortgage, then you would require a credit score of 620. In my opinion, you should try to improve your credit score first and then try for a loan. To know some of the simple steps to improve your credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
It would be impossible for you get a mortgage with a credit score of 430-450. The minimum credit score required to get a conventional mortgage is 720-740. If you're planning for a FHA mortgage, then you would require a credit score of 620. In my opinion, you should try to improve your credit score first and then try for a loan. To know some of the simple steps to improve your credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
hi guest,
your credit score has a big impact on your finances and your credit score is not sufficient to get a loan.you should try to improve your credit score.you can do it with few simple steps.
your credit score has a big impact on your finances and your credit score is not sufficient to get a loan.you should try to improve your credit score.you can do it with few simple steps.
it's going to take a lot more than "a few simple steps" to get a mid-400 credit score up to a point of being creditworthy, i'm afraid.
guest, you'll be well-advised to obtain a copy of your credit report so you can review what is on there, and take immediate steps to rectify any of the bad debts you find. you'll also need to establish favorable credit, which will clearly take quite a bit of time unless you've already begun that.
guest, you'll be well-advised to obtain a copy of your credit report so you can review what is on there, and take immediate steps to rectify any of the bad debts you find. you'll also need to establish favorable credit, which will clearly take quite a bit of time unless you've already begun that.
probably you would be better off workign onyour credit report than gettign a second mortgage
instead of trying for second mortgage, you should go through your credit report and you will come to know about how to get out of this situation.it may take longer time but this is supposed to be only option so that in future you will be able to get the second mortgage.