Posted on: 01st Jun, 2010 06:28 pm
I have a credit score of 586 and my debt to income ratio is good. I am under contract for a mortgage loan and was wondering what are my chance with my credit score being low, but my debt to income being outstanding. My mortgage person did say my chances are 60 to 40, but I am nervous do to the economy.
Do I have a chance even with letters to underwriters explaining my derogotories
Do I have a chance even with letters to underwriters explaining my derogotories
Your credit score is fine. What kind of derogatory credit do you have? Collections? Lates? Judgements?
