Paid off all my debts, how long before I can apply for mortgage with updated info on

Credit and mortgage advice Forums Home Mortgage Paid off all my debts, how long before I can apply for mortgage with updated info on

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years, 4 months ago.



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    Anonymous

    I wasn’t qualified for a mortgage because my DTI was way too high. I had tons of credit cards and loans with high balances because I was irresponsible and now have learned my lesson. luckily my parents bailed me out by lending me enough money to pay off all my debts (basically like a debt consolidation loan, except I pay my parents). My question is now that I paid off all my CC debts and loans, how fast can I get a mortgage loan to buy a house. I know the credit report wont update right away, but how long? couple weeks? couple months?



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