Search found 3 matches
- Mon May 20, 2019 2:12 pm
- Forum: Home Loan Forum
- Topic: How much can I borrow with a default?
- Replies: 5
- Views: 12331
Re: How much can I borrow with a default?
My default was paid back about 4 months ago and we’re planning to save up around 50k during this time period. How do we make sure we have the best chance at approval when the time comes?
- Fri May 17, 2019 4:14 pm
- Forum: Home Loan Forum
- Topic: How much can I borrow with a default?
- Replies: 5
- Views: 12331
Re: How much can I borrow with a default?
That sounds wonderful. So, how do I qualify for a bad credit mortgage with one of your banks?
- Fri May 17, 2019 3:02 pm
- Forum: Home Loan Forum
- Topic: How much can I borrow with a default?
- Replies: 5
- Views: 12331
How much can I borrow with a default?
Hi, I was very surprised when we were knocked back for a home loan. I’ve always paid my bills on time and in full or so I thought, that is until I found an unpaid $400 Vodafone bill listed as a default that had stayed on my file for more than a year. My credit score is sitting at a less than ideal score of 490. I didn’t dispute it at the time and immediately paid it off. They’ve refused to remove the default. Even though we had saved up for a house, we had to let go of a property that we were really interested in. How much can we borrow with a default? Another great property just came up and we were hoping if there were any options for us with bad credit? We’ve heard of bad credit loans.