Posted on: 18th Apr, 2010 08:43 pm
me and my husband have gotten our credit scores and they are 555 and 529.. would we qualify???really need to get into a house rather then an apartment
As stated above, it would not be of benefit to attempt to purchase a home with those credit scores even if you were able to qualify. You end up paying a whole lot more in interest over the life of the loan. The money you would save renting compared to buying right now will help you to pay down whatever debts are drawing your scores down. Once your credit is in the 600's you should begin looking and you'll realize what a difference it makes. I hope this helps...
