Want to purchase larger home
We own our home, purchased it as contract for deed and paid it off in November 2014 as we were going through a bankruptcy. We were blessed with an individual who knew we needed a blessing.Now we are discharged from the bankruptcy this year and credit scores around 580 per Credit Karma. Really would like to purchase a larger home, fix ours up, and sell.Any idea on how to get a lower rate or a good way to try to do this?Thanks by acekansas308 from Osage City, Kansas. Oct 28th 2015
Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions
You will need to address the credit scores first, work on getting those to a higher scores. The second thing is bankruptcy guidelines, this will depend on the type of financing your looking at... FHA or Conventional.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,852 contributions
Lender credit scores tend to run about 15-20 points lower than what you see on places like Credit Karma. You will need to significantly improve those scores before trying to apply for mortgage financing.
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