How much can your credit score increase if you start paying on time for a year?

Credit and mortgage advice Forums Consumer Credit Improving Your Credit Score How much can your credit score increase if you start paying on time for a year?

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This topic contains 5 replies, has 2 voices, and was last updated by  Anonymous 7 years, 9 months ago.



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  • #204380

    Anonymous

    and paying more than the minimum?



  • #430633

    Anonymous

    There are no more “zero down” loans now. What do you mean “Equity of $ 40K”?

  • #430634

    Anonymous

    No. this is one of the causes of the mortgage mess. Mortgage companies want the buyer to have something invested in the house.
    that way you are not to quick to let it go to foreclosure.

  • #430635

    Anonymous

    this is a vague question, so i will answer what i think you are asking.
    the house you want is 200k. you put down 40k for a loan of 160k.

    if you have a house with 40k in appreciation, you may be able to borrow some of that equity.

    go to my profile and write for more specific answers

  • #430636

    Anonymous

    Your question is very vague. If you are asking if you can use the equity the current owner has in the property because you are purchasing it at a discounted price then the answer is no, Unless you are buying from a relative the owner cannot “give” you equity as a down payment. The numbers are calculated using the lesser of the purchase price or appraised value.

  • #430637

    Anonymous

    No, you can’t. You have to bring something to the table.

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