Buying A Home After A Foreclosure

Are you like many people who have been foreclosed on a home?  Are you confused about how long you need to wait to reapply for a new home mortgage loan?

If you have had a foreclosure on a property, you need to wait three years before reapplying for a home mortgage loan.

While you are waiting to reapply for a home mortgage loans, you can work on cleaning up your credit report.  If you have any tax liens, they will need to be paid off.    If you have any collection items over $200 that are not medically related than you will need to pay these items off.  Remember the higher your credit score the better your interest rate so do yourself a favor and clean up your credit report so you can raise your fico scores.

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

Happy Holidays from Arizona Wholesale Mortgage Inc.