will a debt settlement affect my chance to getting

will a debt settlement affect my chance to getting a decent home loan?

2 Answers

Qualifying for a home loan becomes tougher soon after you've gone through a debt settlement program. It has become tough ever since the 2007 collapse of the subprime lending industry.
You may only be considered for such loans if you're prepared for a 20-30% down.


Debt settlement will have a negative impact on your credit report. Thus, immediately after a debt settlement, you may not be able to qualify for a home loan. You may have to wait for 1-2 years in order to qualify for a mortgage.


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 4 and 4


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.158 seconds.