Re: Would I qualify for a mortgage?
10-01-2012 10:53 AM
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.
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