How Credit will affect your Ability to Buy a Foreclosure

So you want to get in on the great real estate deals before they are gone but you’re not sure about your credit scores and how they will affect you ability to buy. Maybe you know your score but you think it’s too low to qualify for a home. Maybe you’ve filed bankruptcy in the past and are wondering how long before you’ll be able to qualify for a mortgage or maybe you’ve got bad credit and want to know what steps to take in order to clean up that credit score to qualify for a mortgage.

These are all great questions and things every person should know before they venture out into the real estate market in search of great deals. By contacting a lender you’ll have a good source of information regarding your scores and how they stack up. But that lender won’t be able to help you repair your credit. Getting a grip on credit situations will help you in the long run whether buying a new home a car or applying for a credit card knowing what you can expect and how to handle your credit will make your life easier know and in the future.