Updated over 5 years ago on . Most recent reply
"REJECTION" , "REJECTED" , and "TURNED-DOWN"
So I finally get my wife to see the light of Real estate investing. I have been showing my determined attitude with lots of studying, learning, the whole time while we repaired our credit over an 10 Month period. Exp. 609 588 Trans. 590 Equi. my score &My Wife 646 Exp. 640 Trans. 642 equi., now this was based on the Experian website. I thought the timing was great, because I had just found a great deal that produced a $40,000 net Buy and Flip strategy, or just house hack it for 1 year,so we go to try to Find the money to finance the project and we were Denied. The Lender said my wife was a 619 score and I had a 592 score, The FED had raised LOAN requirement scores to be above a 640 are you bleeping kidding after all the hard work, effort and time. I am not quitting I'm figuring this out give me 4 - 6 more months and I'll be there, I just go back up to my office and keep doing what got us to this point.
Most Popular Reply
Yes, stay positive for sure. I'm curious, what do you plan on doing to raise that credit score up? Do you have a strategic plan that you'd like to share?