MortgagesUndressed

If you have bad credit you should be able to turn it around in a year. The runaway market prices are mostly in the past. It is time to be patient and mature. It is also time to start planning on that new home.

“Bonnies Comment” Larry, When customers come to me with rejections in hand, I send them to a mortgage officer that adheres to your principles. Even if it takes a year to clear up the credit issues (and many times it doesn’t take that long if they’re committed to the process), they will be in a better position to survive the shift to ownership. There is so much more involved in ownership than just the mortgage that paying for high interest rates is sometimes the ticket to failure. I encourage my clients to make a plan with the mortgage officer to clean up the credit and take baby steps toward their goal to buy a house. Baby steps move you gradually closer to the goal until you’ve arrived without realizing it.