Low Credit Score
i have a low score, yet decent income and additonl income. There's no other person with the "good" credit score to co-sign. where can i go to seek a mortgage?
1st property was a bailout - yet beyond my reach to repurchase.
is another purchase realistic? :-(
I would pull the three credit bureaus and take a look at what is on the reports.
Dispute inaccurate information. Be detailed (I don't dispute the 60 day on this account but do dispute the 30 day) otherwise the bureau will not investigate.
Personally I would not seek another mortagage until I got the score up. You want a score of at least 620 (FICO) or above 700 (FICO) if you are seeking 100% financing.
Anything below 620 you are looking at subprime and huge a percentage that could eat up your profit margine.
Look at about 30 to 60 days for a point increase.
If you cannot wait another way to go about getting a mortgage is to find a company that figures risk by hand (AKA traditional underwriter). They will look at what you make and your monthly outlays for the past few months to figure your risk.
[addsig]