Senin, 23 April 2012

How bad is one negative point on your credit report when applying for a home loan?

by eyewashdesign: A. Golden
Question by Jennifer H: How bad is one negative point on your credit report when applying for a home loan?
Unfortunately we co-signed a loan with my brother in law for his car, and he missed a payment (31 days) and the finance company reported it on my husbands credit. How bad does this look to potential lenders (mortgage). We already have a house, but are looking to move within the next few years. Anyone out there with lending experience from the home mortgage

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