Comments on: Fannie Mae Tightens Mortgage Rules http://bostonrealestateblog.bushari.com/fannie-mae-tightens-mortgage-rules.htm Your connection to Boston Real Estate Sat, 27 Feb 2010 17:13:22 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Elad Bushari http://bostonrealestateblog.bushari.com/fannie-mae-tightens-mortgage-rules.htm/comment-page-1#comment-1715 Elad Bushari Mon, 20 Oct 2008 06:07:42 +0000 http://bostonrealestateblog.bushari.com/fannie-mae-tightens-mortgage-rules.htm#comment-1715 Yes it does... if you were behind payments your credit score dropped; today it's very hard to get a loan with bad credit. My advice to you would be to make sure you pay all of your payments on time, keep your debt to credit ratio low and avoid opening new credit cards - this way, you'll improve you credit faster and you'll be able to Refi sooner than later. For more info: www.myfico.com Good luck! Yes it does… if you were behind payments your credit score dropped; today it’s very hard to get a loan with bad credit.

My advice to you would be to make sure you pay all of your payments on time, keep your debt to credit ratio low and avoid opening new credit cards – this way, you’ll improve you credit faster and you’ll be able to Refi sooner than later.

For more info: http://www.myfico.com

Good luck!

]]> By: Richard Delli Paoli http://bostonrealestateblog.bushari.com/fannie-mae-tightens-mortgage-rules.htm/comment-page-1#comment-1712 Richard Delli Paoli Fri, 17 Oct 2008 00:22:23 +0000 http://bostonrealestateblog.bushari.com/fannie-mae-tightens-mortgage-rules.htm#comment-1712 I AM TRYING TO REFI MY CURRENT HOUSE LOAN. I WAS TOLD BY MY EXISTING LENDER THAT THEY WOULD NOT REFI MY CURRENT LOAN BECAUSE I HAD A FORECLOSURE WITHIN THE PAST FIVE YEARS.....I WAS NEVER FORECLOSED UPON. 4.5 YEARS AGO I WAS BEHIND ON MY MORTGAGE BUT I WAS NEVER FORECLOSED UPON....DOES THIS MAKE A DIFFERENCE I AM TRYING TO REFI MY CURRENT HOUSE LOAN. I WAS
TOLD BY MY EXISTING LENDER THAT THEY WOULD NOT REFI MY CURRENT LOAN BECAUSE I HAD A FORECLOSURE
WITHIN THE PAST FIVE YEARS…..I WAS NEVER FORECLOSED UPON. 4.5 YEARS AGO I WAS BEHIND ON
MY MORTGAGE BUT I WAS NEVER FORECLOSED UPON….DOES THIS MAKE A DIFFERENCE

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