Cash out loans have historically been risky for lenders. So the credit requirements are pretty stiff.What are your scores?What loan amount?What will it appraise for?
Do you live there?Cash out on a non owner occupied property is almost non-existent.
Have you ever been to NYC?On the streets there are guys who play these games.... 3 card monty.... 3 shells games, ectThese are the same games builders play. Get a second opinion.If I can be of further assistance, you can contact me thru my profile.
I like Tim's answer.... Never seen that in my loan guidelines. Been doing loans for 11 years
You need to work on the scores.Does he have any credit cards? If the balances are too high that can be a lot of points. I have seen people gain 40+ points for paying down revolving credit lines.You can contact me thru my profile to learn more.
Many of us have 3.5% down FHA with those scores.And you get a great rate too.
Shouldnt be a problem.We could get an attorney letter saying that it cannot attach and lender will be fine with it.You can contact me thru my profile here for followup
How is the balance to limit ratio on the credit cards? Might be good to pay them down for a score boost......But don't do anything until you talk to a loan officer who knows credit. Google this ==> dallasloanguy free credit book
Google disputes + [self promotion deleted by Zillow moderator]You should get my blog article as google result number 1fast and easyno need to write letters.no need to dispute your disputesremoving dispute comments(comments that remain after a dispute is resolved) do not affect score...... however, if the account is currently in the dispute process then it isnt being scored and will affect score when removed.
Sure. We don't require collections to be paid to qualify. Some lenders do however.Apply with confidence.You can contact me thru my profile here if you would like to put in an application. Headed to a baseball tournament this morning with the kids, but will be near the computer this afternoon. I will be answering the phone all day.