Will a co-signer help me if I have bad credit?
How bad is your credit? The lowest credit scores lenders are able to do, is a score of 580. If your scores are above 580, then you should have a chance when it comes to credit. Also there are other financial factors that would need to be analyzed including your income, expenses, assets, liabilities, debt, employment, down payment, as well as credit scores. If all of these factors are in place then you should be good to go. On the other hand, if your credit is below 580, having a cosigner will not help. Your credit will still be looked at. The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home. If your credit score is below a 580 you may want to look into credit repair. This can be a great way to get some negative items removed from your credit report and get your score the boost you need, and into the home you desire.
Blog Archive2017-07-14 10:45:41
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Building Your Family’s Wealth
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