Posted on: 22nd Aug, 2010 08:59 am
I have bad credit and a tax lien that i have a payment arrangement for. Is there a possibility that I can get a mortgage approval?
Hi venas,
The tax lien will not be an issue for you when you apply for a mortgage as you're paying it off through a payment plan. However, as you've a bad credit, it would lower your chances of qualifying for a loan. You'll have to improve your credit and then apply for a loan. To know some steps to improve your score, check out the given page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
The tax lien will not be an issue for you when you apply for a mortgage as you're paying it off through a payment plan. However, as you've a bad credit, it would lower your chances of qualifying for a loan. You'll have to improve your credit and then apply for a loan. To know some steps to improve your score, check out the given page:
http://www.mortgagefit.com/credit-rating/credit-repair.html