Thursday, January 7th, 2010

Can I get a mortgage if I’m in a debt negotiation program?

Debt Negotiation
Tammy asked:


I signed up for debt negotiation on some credit card debt. I have payed my current mortgage religiuosly for two years and would like to sell my house and move but am scared that I will not get another mortgage when I move. Thanks.

This entry was posted on Thursday, January 7th, 2010 at 12:00 am and is filed under Get Out Of Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Can I get a mortgage if I’m in a debt negotiation program?”

spec1235 Says:
January 7th, 2010 at 4:41 am

Try to apply. Suggestion, ask the negotiation program. They may know lenders that work with them.

And rather than sell your house first, MAKE SURE that you get a preapproval letter from a lender so that you can be sure to get a mortgage. Just a suggestion.

Noneya Says:
January 10th, 2010 at 9:16 am

Yes you can. I know several lenders that will allow this on FHA loans.
You should apply for a new mortgage before you put your house on the market just to make sure you don’t have any other issues that would affect your approval.

Leave a Reply

You must be logged in to post a comment.