Will a Car Repossession Keep You From Getting a Home Loan?
For many people, getting a home loan is the first step in owning their dream house. But if you've had a car repossession in your past, it may put a damper on your plans. The good news is that having a car repossessed won't always keep you from qualifying for a home loan - but there are certain factors to consider.
When you apply for any kind of loan, lenders will look at your credit history to determine whether you're an eligible borrower or not. If they see that you've had an item repossessed in the past, they may be hesitant to approve your loan application due to concerns over whether or not you can manage payments on another large purchase like a house.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you can find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706