Posted by Nate(DC) on January 12, 2003 at 14:50:24:
Talk to a mortgage broker. Some lenders will allow a private, non-reported VOR or VOM to be used, especially if the borrower is going FHA…
NT
how can I help my tenant/buyer’s FICO score? - Posted by gerald (tx)
Posted by gerald (tx) on January 12, 2003 at 13:54:23:
I am owner financing a home that I would like for my buyer to be able to refinance in her name and cash me out. She’s made prompt monthly payments for a year now. However, since I am not a credit reporting agency, her good payment history is not helping her.
How could I get this on her FICO, or what alternative could her get her credit up, so she could get a new loan?
See thread below with similar question - Posted by MoniqueUSA
Posted by MoniqueUSA on January 12, 2003 at 15:51:09:
Gerald,
When she qualifies for a mortgage, her good payment history will be noted as part of the file. The mortgage broker typically asks for information about their payment history to you.
Also, Dee-Texas has a similar question about her L/O tenant wanting to qualify for a mortgage. Check out the responses that she got from Michaela-ATL in the thread below:
http://www.creonline.com/wwwboard/messages/45280.html
MoniqueUSA