Major Derogatory Credit Waiting Periods: You Might Be Closer Than You Think…

Aug 3, 15 • Loan ProgramsNo Comments

Major Derogatory Credit Waiting Periods: You Might Be Closer Than You Think…

If you’ve recently been through a major derogatory credit event, and by that I mean; Bankruptcy, Foreclosure or Short Sale, you could be a little closer to qualifying for a loan than you think.

Derog Credit Waiting PeriodsLenders have different waiting periods for these different events, and depending on whether you pursue a conventional or government loan, some waiting periods are as short as 2 years!

So if you’ve been holding off on buying or refinancing your home due to a major derogatory credit event, it might be time to take a look at your situation and put together a mortgage plan for you. If this post speaks to you and you want to know a little more, e-mail me at Scott@GreenMeansGrow.com

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The GreenHouse Group, Inc. | Real Estate Consulting & Mortgage Planning. "Moving People With Purpose."

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