0
How hard is it to get a home loan with a charge off on your credit file?
Wiki User
∙ 8y ago
You can get a home loan with negative items on your credit report. Provided that most items are paid off and those that aren't have payment agreements with the collection agency. As long as your credit isn't too terrible, you can in most cases receive a home loan. But, you will pay for it with a higher interest rate.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
You are a retiree and dont file taxes do you qualify for first time home buyers tax credit?
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
Where might one seek home financing even with bad credit?
You could take a subprime loan but these charge extremely high fees so it's better if you work hard for one or two years to improve your credit rating.
Is it difficult to get a home loan with a credit score of 611 or greater?
Depending on your income and what your credit file/history looks like will determine what you will qualify for and what interest rate you will get.
Can you keep items you purchased on credit cards if you file bankruptcy in tn?
Yes, you do. Credit card purchases are not secured by the purchases. Please be advised that if you file and have all debts discharged by bankruptcy court, it stays on your credit record for 7 years. You will not be able to get any credit for anything for 7 years. Get used to the cash or check only for 7 years if you file. Even then it will be hard to re-establish credit. If you do get credit cards etc after that, you will be paying the highest interest rates, and may even have to have a co-signer for a loan on something like a car and for sure on a home. My next 2 car loans after I filed required co-signers. Just so you know.
Can you get a home loan with a 640 credit score and 2 charge offs?
Yes, you can get a mortgage with a 640 credit score and four charge offs. Obviously, the better debt to income ratio, better credit score, and fewer negatives all help in securing the best loan possible for your situation.
Is not a form of revolving credit i. Overdraft ii. Credit card iii. Charge card iv. Home equity line of credit?
Home mortgage
Can you file bankruptcy on a home equity loan and credit cards?
Yes.
You are a retiree and dont file taxes do you qualify for first time home buyers tax credit?
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
Where might one seek home financing even with bad credit?
You could take a subprime loan but these charge extremely high fees so it's better if you work hard for one or two years to improve your credit rating.
What are the rules for credit card payment at Home Depot?
The rules for credit card payment at Home Depot is their monthly payment has to be received by the due date specified on their credit card statement or they could receive a late charge.
Is it difficult to get a home loan with a credit score of 611 or greater?
Depending on your income and what your credit file/history looks like will determine what you will qualify for and what interest rate you will get.
Can a co borrower on a home file bankruptcy?
Sure. And yes, it will involve the property and credit of the other co-borrower.
In Florida can you have a home equity line of credit and still file a deed in lieu of foreclosure?
You will not be able to keep your home equity line of credit if your house is in foreclosure or anything similar to it. This is standard across the United States.
Can you keep items you purchased on credit cards if you file bankruptcy in tn?
Yes, you do. Credit card purchases are not secured by the purchases. Please be advised that if you file and have all debts discharged by bankruptcy court, it stays on your credit record for 7 years. You will not be able to get any credit for anything for 7 years. Get used to the cash or check only for 7 years if you file. Even then it will be hard to re-establish credit. If you do get credit cards etc after that, you will be paying the highest interest rates, and may even have to have a co-signer for a loan on something like a car and for sure on a home. My next 2 car loans after I filed required co-signers. Just so you know.
Claim the First Time Home Buying Credit?
If you are going to file taxes for free online, be sure to take advantage of the first time home buying credit. You should not miss out on the credit, because it is worth over $8,000. If you file for this credit, you will receive that deduction on the amount you paid for a new home. With the current foreclosure crisis, a lot of homeowners have found great deals on affordable homes and have been able to take advantage of this wonderful tax credit program. Taking advantage of this tax credit program can put you in a position of receiving a nice tax refund.
You are 82 years old your house and car are paid for older home and 2001 car but you have a lot of credit card debt Can you file for bankruptcy just for your credit cards?
You file bankruptcy on all debts you owe. If you only owe money on credit cards you can file on them. Otherwise, if you owe money to a doctor, hospital, bank or other place you have to list them.
How can I get a home loan if I have bad credit?
Getting a home loan with bad credit is hard yet not impossible. Showing you are a responsible in paying off current debt could help. It is best to find a cosigner with good credit to seal the deal.
