Posted on: 07th Nov, 2010 08:32 am
Putting 20% down. Just cleaned up all debt except for car loan. Everything on my app is good except for some late payments within past 6 mos (and 2 collections accounts I just paid off) What are my chances of getting a mortgage?
Welcome cringle,
The late payments will be considered as a negative item on your credit by the lender. However, if all your other debts are paid in full or are paid on time, then I don't think you'll face much problems in getting a loan.
The late payments will be considered as a negative item on your credit by the lender. However, if all your other debts are paid in full or are paid on time, then I don't think you'll face much problems in getting a loan.