Mama Drama…Great question. The answers that you are looking for are better told to you directly. There is much more information that I would need to know before giving you any sound advice about your credit.

I specialize in this area of financing and will help you for FREE if you would like to.

Please contact me at and we can talk directly about YOUR situation. I would need to know some more specifics about your current issues, then I can diagnose a treatment for your problem.

I will await your contact. Thanks.

Timothy Kazee
Residential Mortgage Specialst
American Home Mortgage

This is a tricky question to answer because it depends on the problems you have on your credit, what your scores are (you might not need to do anything to get the intitial mortgage but your rate will be higher), how long ago the problems occured, what the ballances of your good revolving accounts are, how many open lines of credit you have, and how long you have had credit.

The first thing for you to do in my opinion if you are looking for a mortgage is to go into a a mortgage company and have them pull your credit. This will give them an idea of what they can, or can’t do for you,a nd give you an idea of what your credit looks like. Alot of times the LO can run simulators that will show what to do to improve your score. Then you can do a rapid rescore if you want it done quick.

Some words of caution about credit:
1- paying off old bad debt is not in your best interest when you are getting ready to apply for a loan. Once you make contact with the creditopr again and try to resolve the problems you change the bad debt from being old to being current. The older the derog. credit, the less impact it has against your score.

2- bringing your you used credit to available credit on your revolving accounts (charge cards) below 50% on each account will improve your score. The lower from there you take it the better.

3- Once you have obtained a home loan, if you have a choice between paying your mortgage or paying on another loan, always choose the mortgage. Mortgagge lates count against you more, and are the main thing that lenders look at when determining if you qualify for future home loans.

If you have any questions feel free to contact me at the e-mail below and I will try to help you out.

7 fast fixes to your credit.

Try to pay more than the minimum payment on you credit accounts while you are saving.
Pay off the small accounts first – they are easier than the large accounts.
Don’t make late payments.
If you have any bad debts on your credit reports, they will have to be paid off. The bank usually requires this. You might call them and negotiate a lower payoff amount than listed on the report. Many times these people are willing to take a lot less than you owe. For example if you owe $1300 for an old phone bill, they may take $300 to settle the debt.
Maybe you can have your parents co-sign for the house and use their credit….