We have had some credit issues within the last year due to my husband losing his job. We are now back on our feet and cleaning up our credit. We would like to build a new home and would like to know how long it takes for your score to increase.
Please see details below:
- Credit score: Mine 562 Husband 540 ( we only pulled from one company)
- All unpaid items on credit report will be paid off within 3 months
- We have had (6) 30 day late payments on our mortgage within the last year.
- My car payment has been late 6 times as well.
- We will have $50K to put down on a $325k property. This is a custom build.
- If everything is paid on time for 12 months..can we get it up to qualify for a low interest rate?
- Also, we will have about $20K in student loans as well.
Thank you in advance for any advice that you can give me!
Message Edited by Pinkdress88 on
11-07-2007 08:42 PM