Zillow Advice: Approval Process - Hi, I really want to buy a house but both me and my husband got Bad credit! And we are self emplo! http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ Zillow Advice | Zillow Real Estate It sounds like you've identified ... http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ It sounds like you've identified your dream, but if your credit scores are low there may be several steps ahead of you. There is nothing wrong with that, you can put together an action plan and step by step you'll get there. <br/><br/>One can have fine credit scores when self employed - responsible use of credit, paying bills on time, history of credit etc etc all add up to a better credit score.<br/><br/>Here's a link to Zillow's <a href="http://www.zillow.com/wikipages/Buyer%27s-Roadmap/">buyer's road map</a>.&nbsp;&nbsp; It has a lot of basic articles on the steps and how to achieve your goal.<br/><br/><br/><br/> Sat, 08 Dec 2012 01:53:00 GMT http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ 2012-12-08T01:53:00Z Being self-employed isn't ... http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ Being self-employed isn't necessarily a negative and whether or not you can buy a house through the "normal" channels will just depend on what your credit score and income are. I would definitely talk to mortgage company and let them run your information to see if you qualify and if not, what you need to do and how long it will take. There are a lot of mortgage companies and banks out there, if you need some help finding one I can help you with that. <br/><br/>There are also other non-traditional ways to purchase a house like owner financing and lease purchase options. The sellers who will consider these options will also want to know how your financial situation is and be comfortable with it, so you will still definitely want to start with a mortgage professional to get a clear picture of what your situation is. Feel free to contact me if you would like some more advice and help. Sat, 08 Dec 2012 01:20:00 GMT http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ 2012-12-08T01:20:00Z [self promotion deleted by ... http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ <em>[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]</em><br/><br/>Thanks &amp; Regards,<br/>Umang Maddan Fri, 07 Dec 2012 18:24:00 GMT http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ 2012-12-07T18:24:00Z To be self employed is not ... http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ <p>To be self employed is not a bad thing as long as you have accurate records of your income and expenses. I would advise you to hire a small bookkeeping company to keep good records for you so that&nbsp; you have proof of your income and a paper trail as well.<br/>Bad Credit takes time to correct and it starts with getting rid of all the credit cards! Pick one and pay it off and keep doing that until there is only one. Then do not spend more then you can pay off each month. Paying bills on time reflects well on your credit (eventually). Check your credit report and dispute anything that you have taken care of. Once your credit is corrected, you will be able to buy.</p> Fri, 07 Dec 2012 05:25:00 GMT http://www.zillow.com/advice-thread/Hi-I-really-want-to-buy-a-house-but-both-me-and-my-husband-got-Bad-credit-And-we-are-self-emplo/470651/ 2012-12-07T05:25:00Z