Super Contributor
Posts: 6,624
Registered: ‎07-03-2007
Re: Would I qualify for a mortgage?

i dont know anything about taxes/insurance there.... so i cannot comment on det ratios.


but when the lates are 1yr old, you will be fine.


i would wnt a good letter explaining(loe) the past derogatories.

letter format:

1. what happened?

2. how did you deal with it?

3. what steps have you taken to assure it doesnt happen again.


the loe will want to match the credit report.


* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004