Student Loan Rehabbed, now what?
I've had to rehab a student loan that accidentally went into default when I changed my banking information; Honest mistake that has bitten me. It has just recently posted back into good standing after paying for 6 months to get it out of default. Is there a particular type of loan that can help me get a mortgage at this point? As I understand, I need a year or two years of good history before that can be washed away. I am otherwise a longtime renter, car buyer, etc with excellent histories besides this one debacle. Pls help. by glenn.chestman from Jersey City, New Jersey. Apr 2nd 2010
Michael Panza (michaelpanza)
#5 ranked lender in Massachusetts - 2 contributions
Hello,depending on your other overall credit history you should be ok to qualify for mortgage loan. If you would like to discuss this further and answer any other questions you may have please reach out to meMike PanzaSenior Mortgage ConsultantGuaranteed Rate DirectBoston311 Summer Street, 2nd FloorBoston, MA 02210P: (617) 532-3963mike.panza@guaranteedrate.comwww.guaranteedrate.com/mikepanzawww.mikepanza.com
JEFFREY MARTINO YOUNG (FHASUBMISSION.COM)
#226 ranked lender in California - 131 contributions
Hello Glenn, Being that you have started making payments on recent revolving debt (Recent payment history) as well as the fact that this was a one time occurance.Your Fico score should not have been affected to bad.You should put together a explanation of the circumstances along with having someone pull your credit to see what your Fico score is now and that will determine if we can get you qualified to purchase a home.I would be happy to assist you with this Jeffrey Martino Young at Essex Mortgage Bank 1-866-936-8478 .
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