@Anonymous wrote:
Should I pay off a charge off on my credit before applying for a mortgage?
Hi CTSMC07,
It depends on the type of mortgage you're applying for & your situation.
If it's an old account that hasn't reported in the last year or more, it could drop your scores if you pay it off.
On the other hand, if it is currently reporting, we might look at how much it would improve your scores to pay it off & then go from there.
VA Mortgage Expert. Mortgage Banker lending in All 50 States.
VA, FHA, USDA. Jumbo, Conventional.
CAIVRS Expert.
