We closed our short sale July 2008, have been paying rent on time since Nov 2007 (we moved out to get house on market, took 9 months to sell), have 50% down ready, need advice on type of loan to get.
Credit score is 650, no outstanding debt, all lates cleaned up/paid, high & consistent monthly income, expect mortgage payment to be 15% of monthly income or less. We've got 50% of the purchase price in cash ready to put down, but lenders are giving us the cold shoulder. What gives?
Question posted for: Columbia, IL
Comments:
Rhino, this is George from SmartHippo. Just letting you know that if you want a quote from RMC Vanguard or other lenders who answer your question, you can just click the "Get Quote" button such as the one you see next to rmcvanguard's comment above.
8 months ago by GeorgeFavvas
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