How Long Until I Can Buy Another Home?

Don`t feel alone if you have lost your home to foreclosure, If your loan on the house you lost was an FHA loan, you should be able to get a new loan in three years, if it was conventional, it will take about four years. Look at this as a new start to your financials, hopefully all this has made you a wiser person, so keep your credit clean for the next seven years. All the best to you in the meantime!

Before You Start Looking To Buy A Home...

Before you start looking to buy a home, find out how healthy is your credit score, most buyers are hesitant to pulling their credit in fear of finding out how bad their credit is, due to their own errors based on a lack of education or how to manage their credit cards and loans. By law you are allowed to pull your own credit once a year for free, try www.annualcreditreport.com

This will determine how far you are from being able to buy your dream home, all you need is a minimum credit score of 620 or higher, 24 months job history and 24 month rental history and your on your way!!! For more information email me: robertbenenati@365realtyinc.com or visit my website: www.365realtyinc.com