Can I get a mortgage if I’m in a debt negotiation program?
Filed in Debt Negotiation on Dec.26, 2009
I signed up for debt negotiation on some credit card debt. I have payed my current mortgage religiuosly for two years and would like to sell my house and move but am scared that I will not get another mortgage when I move. Thanks.
December 26th, 2009 at 8:53 pm
Try to apply. Suggestion, ask the negotiation program. They may know lenders that work with them.
And rather than sell your house first, MAKE SURE that you get a preapproval letter from a lender so that you can be sure to get a mortgage. Just a suggestion.
December 26th, 2009 at 9:32 pm
Yes you can. I know several lenders that will allow this on FHA loans.
You should apply for a new mortgage before you put your house on the market just to make sure you don’t have any other issues that would affect your approval.
February 26th, 2010 at 10:59 am
Hi! Good idea, but can this actually perform?
CORINNA