Posted on: 29th Aug, 2010 09:31 am
my average credit score is 630, with all three co...i have a bancruptcy from 2006 which i paid off under the new bankrucptcy act.....i have established new credit cards and was alway current with my amex (the bankrucptcy was do to a divorce)...i plan on saving enough money for a downpayment to buy a condo or co-op next year...what are my chances of being approved for a mortgage...i currently have only about 1000 in debt on one cc and two others have no balance
thanks
thanks
Hi snapout,
As 4 years have passed since you got a bankruptcy discharge, you will be able to get a mortgage next year to buy a home. With your present credit score, you'll be able to qualify for a FHA loan. I would suggest you to check out the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
As 4 years have passed since you got a bankruptcy discharge, you will be able to get a mortgage next year to buy a home. With your present credit score, you'll be able to qualify for a FHA loan. I would suggest you to check out the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks