     Ed (Light) | Monday, August 14, 2000 - 07:40 pm 
I would like to buy a Condo in the area of between $55K and $75K, sometime in the next two months. However, I'm worried that I will have problems with financing. My credit history is as follows:
-6 months of good history as a "co-signer" on an auto lease
-past three years(except as above): no credit, either bad or good
-three years and older: lots of "collection" status payoffs (paid all 3 years ago)
-11 years ago: one outstanding $1100 collection (got ripped off by Ballies health club membership "contract") Even though this is 11 years old, it still shows on credit report.
I have 7 months on the job, with 1 1/2 years of similar work before that. I have lived in my current rented apt. for two years.
How am I looking here? Could I qualify for a nicer 7.5 or 8.25% 30 year fixed, type of loan with a "reputable" lender? I have 10% to put down, and can pay closing costs on top of that.
Thanks! |
