I am asking this question another way to see if anyone else could chime in:
Are multiple mortgage lates worse than a foreclosure?
Looking to qualify for another mortage in about about 12-18 months, but now doubting
that I will make it through underwriting whenever I achieve a qualifying credit score.
Is 12-18 months of on-time payments enough? I had someone suggest a two year wait; someone
else said 4 years. My brother in law just said I had a good 2-3 year wait too. (I have seen
foreclosures and BK's on here get financing sooner than 4 years)
I am salaried at $82K- started job last month, new job (but not new to the field)
The following are mortgage lates:
I have 30 day lates for: 8-12, 9-12, 11-12
I have a 30 day late for every month in 2013, except for May and July
I have a 30 day late for 1-14, 2-14, 5-14
I have a 60 day for 3-14, 4-15, 6-14, 7-14, 8-14
and one 90 day in 9-14
As of October, my mortgage is current and back to being auto-deducted each month.
My negatives:
one paid judgment on my report from 2011
$50 paid medical collection
3 lates on student loans a few years back; these are going into repayment in January (previously deferred)
a car that was paid in full in 2011, but reporting as a $66 paid charge off
I have the down payment and the closing costs.
Any thoughts?
