Pre-ApprovaL:YOUR 1st Step In Buying A HomeIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to
Buying A Home After Bankruptcy
Contact a Credit Repair Agency or Lender
Many mortgage lenders will offer this service to prospective home buyers that need to work on their credit situation before they qualify for a home loan. There are also agencies that will help you for a fee. They may suggest some of the following when repairing your credit, but we like to leave credit up to the professionals so remember to ask the advise of a loan officer or repair agency.
- Use only a small portion of your credit. Don’t max out your credit cards and don’t apply for too much credit at one time.
- Move slowly and build up your credit with on-time or even early payments. When possible, pay back more than the monthly minimum.
- Pay all your bills on time and save money.
- Stay at the same job for a good length of time.
- Remove any outstanding tax liens.
Many banks and credit unions offer this product. You put a deposit down on whatever your "credit limit" will be. For example, if you put down a $500 deposit your car limit would be $500. The functionality of the card itself behaves fairly similarly to an unsecured card with minimum payments, etc. Keep in mind though, the financial institution offering the Secured Card will likely not give you access to the hold or limit amount while the card maintains a balance so ensure it's an amount you can live without in your savings account.
Monitor your Credit Report
There are several agencies out there that offer a credit monitoring service, or even credit protection which most allow you to access your report ans some even your score. We recommend using Credit Karma, they are a free service directly linked to Trans Union that allows you access to your score and report with updating once a week.
Tatyana Sturm and The Storck Team have been honored to serve the Denver and surrounding areas in relocation real estate for the last 10 years as one of Denver’s leading short sale specialists. If you or someone you know is facing foreclosure, make sure you are educated on your options. You might have equity or money in your home that you are unaware of in this ever changing real estate market. Call or text The Storck Team at (720) 350-5909.
Tatyana truly understands the dynamics of selling homes in the Denver Metro real estate market and is an expert at educating her clients so they can make the best and informed decisions for their need....
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