Hello Everyone,
Last year I was employed and made 32k after being sick most of the year. I have a lot of unpaid medical debt do to a gap in insurance that has all gone into collections. I bought a car this year and paid it off but had several credit inquiries due to the dealership running my credit with multiple companies. I have zero debt other than the medical bills. Very good income from current work contract, 12-14k per month. I'm wondering if I would be approved for a mortgage. Also, does my paid off car count as equity that would help me qualify for a loan? (Car value around $35,000). I would put 20% down on a home. I'm wondering if I should apply for a mortgage now or wait for another year or two. I'm really tired of the apartment I am renting and don't want to move again to yet another rental property. Current credit scores are around 670 across the board.
Any advice would be greatly appreciated! Thanks in advance! 