(Closed) any bees work in mtg svcs, or…

posted 6 years ago in Home
Post # 3
Member
1598 posts
Bumble bee
  • Wedding: September 2013

I work at an appraisal management company, so I’m not directly associated with the loan process but if you go to a bank/lender/broker/real estate agent, they should be able to let you know what your options are. Or maybe the local VA?

Good luck!

 

 

Post # 4
Member
676 posts
Busy bee
  • Wedding: February 2013

@cheetah2b:  I know disabled vets don’t pay a funding fee on a VA loan (if its a service related disability of at least 10%). I think everything else- income requirements, etc are the same. To cosign on it (to take into account your income and assets for the approval process) you would need to be married. He also has to meet the minimum credit score requirements.

Post # 6
Member
676 posts
Busy bee
  • Wedding: February 2013

@cheetah2b:  google “credit score estimator” and you should be able to estimate how his score will be affected by the repo dropping off. Paying off debts can actually drop his score, so paying off the truck won’t really help as far as boosting his score, although it will help with his debt-to-income ratio. He needs a good history of on time payments and low balances (responsible use of credit) to boost his score. If he has any credit cards, use them a little bit each month and keep a low balance on them (less than 30% of his credit limit). The same goes for you. Also, keep your credit inquiries/applications to an absolute minimum because those will drop your score as well.

 

 

 

Have you guys ordered your credit reports to examine for any errors?

 

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