I have unpaid debts from years ago, may I still qualify for a mortgage loan?

Answers:3   |   LastUpdateAt:2012-10-25 17:23:02  

Asked at 2012-09-06 18:33:04
Well , so the outstanding debt for years . Some of them might have already fallen, I 'm not sure. This debt was produced between 2000 and 2004 . Everything is from when I was broke and in college . Two small utility bills and credit card .
MedlinePlus Currently , I am only responsible for my student loan payments and other regular bills like utilities and rent. I have no car payment , in fact, I paid my car payment last about 2 years ago . MedlinePlus MedlinePlus During the last 4/5 years I have had the good credit standing . I have steady job professionally since 2004 . I've been at my current job for 2.5 years. MedlinePlus MedlinePlus The loan amount that I'm hoping is MedlinePlus $ 150,000 MedlinePlus Please provide knowledgeable and avoid trying to run your site so you can make a little money , thanks !
Answer1ralAnswered at 2012-09-27 04:19:04
It will lower your credit score and you may or may not be able to get a mortgage . If you receive an interest rate will be much higher than it would be if I had that debt. I suggest getting a credit report and see how it is presented . Then you should contact the companies to pay them what you owe them to remove it from your report ( you must have a lot of money with the good work of their own financial obligations , not many) . Then you should try to apply for a mortgage , a few points in the interest rate could save $ 100 - $ 150 per month in payments .
Answer2melyndaAnswered at 2012-10-08 01:17:03
Debts difficult to stay in your credit report for 7 years . bankruptcy stays for 10 years.
Answer3zoranAnswered at 2012-10-25 17:21:37
now you are probably responsible . The score must be 620 or greater with most lenders to see a mortgage professional in your area to get pre qualified to buy MedlinePlus I am a mortgage banker in TN
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