|
First of all What is the privacy laws for Lending Tree mortgage brokers? Many thanks for any comment. Another question I got... I was wndering what the going APRs were for Fico scores of:. |
|
|
|
Good question... I dunno what is the answer to your question. I'll do some poking around and get back to you if I discover an good answer. You should email the people at Lending Tree as they probably could help you..
|
|
Pibb,.
Thanks for the input.. I did not realize you could get such a good APR with scores in the 590's.. How long did you look for lenders? Did you use some one on the net or off the street??? Did they help you with your credit??. Do you mind me asking how much you qualified for and your income and how much you put down??. Don't mean to be to nosey, just trying to get a feel for what is out there.. Sorry for all the questions.. Thanks!.. |
|
I just applied for a Lending Tree mortgage with Countrywide's subprime lender with the scores of 590, 601 and 609. I was offered a rate of 8% with 5% down...
|
|
Here is a chart of what diff the fico's can make ...
I know it changes from bank to bank but when you look a % diff the work getting your score up sure pays off. Http://consumers.creditnet.com/strai...084#post294084.. |
|
Yes I have some late pays on all. 2 collections on TU one is paid, 2 collections on experian, and 1 on EQ which is paid...
|
|
I went through the builders Lending Tree mortgage company. The income that they used to qual is 29,900 and I am approved for 140,000 with 20% down. ( home vale 175,000) I make more than that but that is all I used as qualifying...
|
|
Pibb26: so the builder's Lending Tree mortgage company worked with you? Did you have any derogs.?.
We have good income, have good debt ratios, but have bad credit history. I'm hoping to qualify for something as my goal is to buy a house by this summer!. Peace,. Delilah.. |
|
Yes I had several derogs and collections...many of which I have cleared up from the help of this board. I will still have to pay a few before closing. My spouse makes significantly more income than I do, but had a tax lien so the banks would not even consider their income. I was suprised to get approved based on what I reported for income and my credit...
|
|
Pibb,.
Would you suggest talking to a lender even with a few derogs on you report? Did they advise you or help with the problems on your reports?.. |
|
I don't understand this at all (mortgage stuff that is)..
Hubby makes $36K a year, has $577 in car loans $299 in child support (all per month) and NO CC debt, ONE partially paid CA that is 18 months old and he gets approved for $70K with 3% down and 8.375 for the rate.. His REAL scores are 605 (one w/CA reporting), 634 and 649.. Am I missing something here?.. |
|
It has been my experience that they will approve with derogs, however, if money is owed on these debts they must be satisfied by closing. The lender has offered me no help other than these will be paid by closing. What I received is basically a conditional approval, when all the conditions are met..I get the mortgage...
|
|
Do you think this applies to unpaid chargeoffs as well or just collections? If so, what lenders are willing to do this?.
TIA. -LB.. |
|
Again, this is only from my experience...all unpaid debts have to be paid prior to closing...collections and charge-offs. I am going through my builders Lending Tree mortgage comapny so I can only speak for them. If you look at my earlier post...the only reason I was approved was because of a large down payment...
|
