credit score

[Anonymous]

I believe my credit score is probably low.  All my credit cards are maxed out.  I am considering selling my house and purchasing a much cheaper one.  What are my chances of getting a mortgage?

[MidnightVoice]

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cba wrote:

I believe my credit score is probably low.  All my credit cards are maxed out.  I am considering selling my house and purchasing a much cheaper one.  What are my chances of getting a mortgage?

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The very first thing it tp pull all 3 credit reports and scores, (for you and DW/DH if applicable) and see exactly where you are.

You can get one free CR from each agency every year, but it does not have your score, and you need your score

[Anonymous]

As long as you are not late, once you pay back your credit cards, score goes WAY UP right after you pay off your CCs!!! But if you intend to buy a house right away with out paying off debt from the sale of your house, I would discuss this with your mortgage broker. Low credit scores alone will not kill a mortgage opp. Being late, missing payments, this will effect it.

Message Edited by ilovepizza on 07-16-2007 06:25 PM