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Yes, having a judgment would definitely prevent you from getting approved. "Mortgage" documents are, in reality, a lien upon the property which secures the loan. The "Note" is the IOU for the money borrowed. A mortgage is supposed to be the only lien placed against the property. It allows the lender to call the note due and take possession of the property in the event of default by means of foreclosure. Since an active judgment would allow the plaintiff to place a lien upon any real property, no mortgage lender would allow their collateral to be jeopardized. Paying a judgment is also not the end of this issue. For any legal item appearing in the "public records" portion of your credit report, there must be a disposition. For a judgment, the proper disposition is a "Satisfaction of Judgment" or an "Order to Vacate Judgment" (dismissal). This is a legal document which must be obtained at the same jurisdiction as the original judgment. It also should be "recorded" at the same courthouse. If this item is showing up on your credit report, you can also follow up by sending a certified copy of the disposition to the credit bureaus. That way, this matter won't continue to haunt you as an unattended issue in the future.
What else can I help you with?
Have you been pre-approved for a home loan?
Yes, I have been pre-approved for a home loan.
What are the next steps after getting pre-approved for a mortgage?
After getting pre-approved for a mortgage, the next steps typically involve finding a home, making an offer, getting a formal loan approval, completing the underwriting process, and closing on the loan.
What is the loan procedure for obtaining a mortgage?
The loan procedure for obtaining a mortgage involves applying for a loan with a lender, providing financial information and documentation, undergoing a credit check, getting pre-approved, finding a home, getting the home appraised, finalizing the loan terms, and closing on the mortgage.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
What are the benefits of getting pre-approved for a home loan?
Getting pre-approved for a home loan can help you understand how much you can afford to borrow, making your home search more focused. It also shows sellers that you are a serious buyer, potentially giving you an advantage in a competitive market. Additionally, pre-approval can speed up the mortgage process once you find a home you want to buy.
Have you been pre-approved for a home loan?
Yes, I have been pre-approved for a home loan.
What are the next steps after getting pre-approved for a mortgage?
After getting pre-approved for a mortgage, the next steps typically involve finding a home, making an offer, getting a formal loan approval, completing the underwriting process, and closing on the loan.
What is the loan procedure for obtaining a mortgage?
The loan procedure for obtaining a mortgage involves applying for a loan with a lender, providing financial information and documentation, undergoing a credit check, getting pre-approved, finding a home, getting the home appraised, finalizing the loan terms, and closing on the mortgage.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
What are the benefits of getting pre-approved for a home loan?
Getting pre-approved for a home loan can help you understand how much you can afford to borrow, making your home search more focused. It also shows sellers that you are a serious buyer, potentially giving you an advantage in a competitive market. Additionally, pre-approval can speed up the mortgage process once you find a home you want to buy.
Can I purchase a home with a pre-approved home loan?
Yes, you can purchase a home with a pre-approved home loan. A pre-approved home loan means that a lender has already assessed your financial situation and determined the amount they are willing to lend you for a home purchase. This pre-approval can make the home buying process smoother and show sellers that you are a serious buyer.
What is my pre-approved home loan amount?
Your pre-approved home loan amount is the maximum amount of money that a lender is willing to lend you to purchase a home, based on your financial situation and creditworthiness.
What are the steps to take when getting your first home loan?
When getting your first home loan, the steps to take include: Check your credit score and financial readiness. Research and compare different lenders and loan options. Get pre-approved for a loan amount. Find a real estate agent and start house hunting. Make an offer on a home and negotiate terms. Complete the loan application and provide necessary documentation. Get the home appraised and inspected. Close on the loan and move into your new home.
What is the process for obtaining loan approval for a home purchase?
The process for obtaining loan approval for a home purchase involves applying for a mortgage, providing financial documents to the lender, undergoing a credit check, getting pre-approved, finding a home within your budget, and finalizing the loan with the lender.
Can your wages be garnished for not paying a student loan without getting a judgment?
No.
What does one need to get approved for a home lender loan?
To get approved for a home lender loan you need to do the following things: fill out an application for the loan with valid and honest personal information, have a stable income, and a solid credit history.
Can person get pre-approved for a home loan of 687?
yes
