topic Is this going to be a problem? in Mortgage Loans

Is this going to be a problem?

Anonymous — Wed, 27 Apr 2016 22:51:56 GMT

Will this string of lates be a problem when applying? I don't plan to get preapproved until September so it will be over a year since the last late. Current mid score is 670 which should go up as I have room to bring my utilization down. My husband lost his job which caused us to fall behind on our car payment. We kept making the payment but until he was able to get back to work full time we couldn't get caught up.

Re: Is this going to be a problem?

Anonymous — Thu, 28 Apr 2016 00:24:49 GMT

You should be good if more than 12 months has transpired since the last late payment.

Re: Is this going to be a problem?

Anonymous — Thu, 28 Apr 2016 02:50:56 GMT

Ok, that's what I was thinking. Just didn't know if such a long string of lates would still be a issue if older than 12 months.