I don't own a home yet because of credit problems. Will homesteading property help me with a morgage

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March 19 2010 - Jasper
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Answers (3)

Profile picture for Ofe Polack
Not really.  Have a word with a lender and see what can you do to improve your credit.  The best of luck!
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March 20 2010
Profile picture for SteveFelty

Good tradeline will help improve credit scores.  simply owning a home does not - unless you have a loan that is reporting the the credit bureaus.

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March 20 2010
You can't homestead a property unless you own it. Homesteading has to do with the property taxes the owner pays on the property.
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March 19 2010
 

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