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There are only way to repair bad credit due to a mortgage loan is time. All debt information related to late payments and Chapter 13 bankruptcy come off a credit report after 7 years. Chapter 7 bankruptcy (total liquidation) remains for 10 years. Not that some items associated with defaulted mortgages, such as tax liens, last forever until paid and even after paid may remain for 7+ years.

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Q: How can a person repair their bad credit to get a mortgage loan?
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How can one get poor credit mortgage loan in Ottawa?

To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.


Can i sue the ex for using my credit to refinance her mortgage?

The note and mortgage must be signed by the owner of the property. The lender checks the credit record of the person who signs the loan application. If you didn't sign the loan application then you are not responsible for paying the loan and your credit isn't affected.


Can you get a home loan with a judgment on your credit report?

It is up to each mortgage company to determine a person's credit worthiness and likelihood to pay a mortgage loan. Mortgage companies may not approve loans if there are derogatory credit items on a person's report, but this decision is often based on many factors. A judgment will appear on your credit reportfor seven years from the filing date.


Where can someone with bad credit apply for a home loan mortgage?

Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.


What kind of institution would provide a lender a mortgage loan if that person has bad credit?

There are many types of institutions that are focused on helping people fix their credit so that they can get a mortgage loan. A person with bad credit should wait several months to a year so that they can increase their credit score and then apply.

Related questions

How can one get poor credit mortgage loan in Ottawa?

To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.


Can i sue the ex for using my credit to refinance her mortgage?

The note and mortgage must be signed by the owner of the property. The lender checks the credit record of the person who signs the loan application. If you didn't sign the loan application then you are not responsible for paying the loan and your credit isn't affected.


Can you get a home loan with a judgment on your credit report?

It is up to each mortgage company to determine a person's credit worthiness and likelihood to pay a mortgage loan. Mortgage companies may not approve loans if there are derogatory credit items on a person's report, but this decision is often based on many factors. A judgment will appear on your credit reportfor seven years from the filing date.


Where can someone with bad credit apply for a home loan mortgage?

Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.


What kind of institution would provide a lender a mortgage loan if that person has bad credit?

There are many types of institutions that are focused on helping people fix their credit so that they can get a mortgage loan. A person with bad credit should wait several months to a year so that they can increase their credit score and then apply.


Can a civilian assume a mortgage of a VA property?

Yes, a civilian can assume a mortgage of a Virginia property. In order to get a loan for a property in Virginia, the person must have a credit check completed. If they have good credit, their chances of being approved for the loan are higher. If they have bad credit, the bank or loan officer may ask for the person to have a cosigner.


What is a mortgage underwriter?

A mortgage lender or broker who approves or turns down loan applications based upon the quality of the real property, credit-worthiness and ability to pay according to the guidelines of the lender with regard to ratio of mortgage loan to value of property.


Does paying off another person mortgage payments help your credit?

No. Not if your name isn't on the loan.


Where can someone get a mortgage loan for people with bad credit?

One can get a mortgage loan for people with bad credit in two different places. The first place that one can get a mortgage loan for people with bad credit is a bank, like Wells Fargo. Another place that one can get a mortgage loan is a credit card company, like American Express.


Can I get a mortgage with bad credit?

It is possible to get a mortgage loan with bad credit but you will have to pay a lot higher interest rate and the loan amount will be lower. You can go to HUD and talk to a counselor about securing a mortgage loan with bad credit. There are a few different options for people with bad credit.


What is a tradline?

any credit line that you have- credit card, car loan, mortgage and student loan


How do credit card companies use a person's credit report...?

When a person applies for a car loan, mortgage or credit card, the lender determines if lending money to the consumer will be a risk. Credit scores are one way to help credit card companies make the decision to issue credit. To determine if that person should be given a loan or credit card (apex)