Need to refi have plenty of equity but a few credit issues

Hi neighbor, right here in your area. I have a couple blogs on this site that may be helpful: Quickly Improving Credit Scores and First Steps. Or, email me at pdumouchel@primelending.com and I'll send you some info. Generally, pay down credit card balances to less than 30% of the card limit, pay off non-medical collections that are NEW in the past year and don't open new accounts unless you don't have any open active tradelines. It takes POSITIVE credit to offset negative.

Good previous answer. If possible pay credit cards down to 10% of the limit and request the credit card company to increase your limit.

The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Most mortgage brokers have credit restoration companies they deal with and if your broker cannot help you raise the score, he can refer you to one of these companies who can help you bring it up.. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Also do not pay off credit cards in full. Paying below 30% of credit limit is great. If you can pay to 10% of balance, then it can help even a little more based on where your credit scores are now. You may want to initially do an FHA loan based on credit score even though your equity may be at 20%. FHA is more forgiving when it comes to lower credit scores and not affecting the rate. Also many lenders require a 620 credit score in order to get a Fannie Mae or Freddie Mac loan. For FHA lenders will go as low as 580. So you are almost there.

First of all I need to see copy of your lastest credit report. Then I would be able to determine how quickly you can increase ur FICO. If you have a copy you may fax to 888-491-4204Marial