Posted on: 25th Sep, 2013 11:49 pm
My husband has a credit score of 567 and my score is around 510. We are looking forward to buy a home. Will we be able to get a mortgage with these scores? Should we declare bankruptcy or wait until we buy the property?
Hi TerryP,
With the scores that your husband and you have, you will not be able to qualify for any kind of mortgage. You will have to improve your scores in order to get the loan. Bankruptcy filing is no solution in your case.
Take care
With the scores that your husband and you have, you will not be able to qualify for any kind of mortgage. You will have to improve your scores in order to get the loan. Bankruptcy filing is no solution in your case.
Take care
Welcome TerryP,
You can take a look at the given page in order to know some steps about credit repair: http://www.mortgagefit.com/credit-rating/credit-repair.html .
You can take a look at the given page in order to know some steps about credit repair: http://www.mortgagefit.com/credit-rating/credit-repair.html .