I am a homeowner of 14 yrs. and are looking to sell but am worried about getting qualified for my next home because of credit score, any advice?

I would like ideas on how to raise my credit score to get qualified. Will a big down payment on my next home help getting qualified?
(0) | asked by: Robert Rivas | share | 4 weeks ago | Report
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answer by Janet Sher    |   Contact Me
Great question! First thing I would do would be to talk to a Mortgage person about your questions. The can set you in the right direction to get your credit issues on the right track. Best wishes!
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answer by Ken Couvillion    |   Contact Me
It is always important to look at the future prospects. Knowing your credit score is just one factor. Talk with a mortgage lender, such as Lydia Reyes with Sente Mortgage to review your available purchasing power, your current debts to your income and what you may net from the sale after paying commissions and closing cost. A good agent will help you price your property to meet market demand by pricing it to move quickly and net you the amount you are looking for to use on your next purchase. Your agent will working with your lender also to find your next home so that both transactions move smoothly. I have recommended for years to purchase a note book that has 3 sections. The first section for your questions, leave space for answers. A middle section for properties you review. If you don't like it don't tear it out, just write in red why you don't like it. you may come back to it later. And the last section for notes, thoughts, items you want to think about (paint colors, appliances and where on sale, etc. Use your agents knowledge and experience as your guide.
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answer by Marcia Kasson    |   Visit My Website   |   Contact Me
Yes, a big down payment will definitely help you fund your next home! I can put you in touch with a good mortgage lender who can talk with you over the phone about your unique situation. Also, perhaps you need a current market analysis on your home so that you will know how much equity you will have. Happy to help- just call!
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You should speak with a lending institution to see what you qualify for. Any good realtor should be able to give you some preferred contacts. Good Luck.
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answer by Patricia (Trish) Witulski    |   Visit My Website   |   Contact Me
Hi Robert! I highly recommend talking to a local lender or bank, they usually work with credit repair advisors. These professionals can show you which debt is best to pay off and in which order. There are some valuable tips on how to raise your credit quickly...best of luck!
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answer by Bryce O'Donnell    |   Visit My Website   |   Contact Me
I would advise meeting with a lender and discussing options. There is almost always a way to make it work with the right team of Realtor and Lender working with you as partners to achieve your goals!
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