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If you buying a home read this.

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jadeite788
Established Contributor

If you buying a home read this.

http://homes.yahoo.com/news/tighter-mortgage-rules-will-soon-squeeze-these-groups-even-more-00553876...

 

Everyone needs to read this.  My LO will not let me go beyond 41%.  Also my LO warned me starting October 15 with case numbers on or after October 15, they are cracking down on collections.  This is coming from the government.  I will get the details later.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

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jadeite788
Established Contributor

Re: If you buying a home read this.

All collections that collectively add to more than $2000 (excluding medical) and that would include your spouses debt, will be counted as a debt – a payment of 5% of the debt will be applied to each as a monthly payment.  


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 2 of 2
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