Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Unfortunately, the 547 score is a lower score than any lender will consider. I recommend that you consult with a professional in the credit repair business and develo...
Q&A
Asked by Lauren
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Lauren: In fact, yes it is possible though I am sure you realize that the financing may not be under the best terms. Your financing may require a larger down pay...
Q&A
Asked by johnathan
Answered by Jeff Rose, CFP® in Carbondale, IL
Have you tried online peer to peer lenders like Lending Club or Prosper?
Q&A
Asked by Gina
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Gina: I can give you the answer from the perspective of a mortgage loan originator - Generally speaking, anytime you utilize credit and you pay that credit withi...
Q&A
Asked by Tony
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Tony: First, congratulations. Second, this is a great question and one that I would also advise having your CPA (or tax preparer) and a financial adviser answer as ...
Q&A
Asked by Brian
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Brian: There are a multitude of loan programs that require credit scores that are across the spectrum. The most efficient way to approach purchasing a hom...
Q&A
Asked by Michael
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Michael covered most of the pertinent areas already, but I'd like to add a couple of major "disadvantages". If your spouse's credit scores are lower than yours, the l...
Q&A
Asked by an anonymous user
Answered by Ted Erickson, Mortgage Broker in Novato, CA
There are subprime loans available for you but at very high rates and high fees. I would work on improving your score because you wil need to wait 4-5 years from your ...
Q&A
Asked by an anonymous user
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
I have a guy that guarantees 700 scores if you follow his instructions and do not create new negative information during the process. If you have additional questions...
Q&A
Asked by an anonymous user
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
The prior answers are correct that your current scores are too low to obtain a mortgage from almost all sources other than hard money lenders. The good news is that y...
Ask a pro a question
Have your question answered by a professional
Characters remaining: 140
$firstLetter
Asking as: $ss.eas.userParams.displayName
Log in or sign up with email
By submitting you agree to our Terms of Service

Credit Rating

Credit Rating
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com