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I make 90.000 a tear been at my job 10 years. My Equifax score is 650. Will i been able to obtain a loan to purhase a property thats has been foreclosed.

Submitted: 345 days and 22 hours ago.
Category: Finance
Value: $9
Status: AWAITING CUSTOMER ACTION
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Maryland

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Answer

Generally - yes - as long as you have the money for down payment, and the property will be used as a collateral for the loan, but

(1) some lenders may not consider you because of the credit score - so you need to shop around

(2) credit score will be translated into the interest you will be charged - see for instance - http://www.equifax.com/credit-score-watch/

 

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Expert: Lev
Pos. Feedback: 99.1 %
Accepts: 1001
Answered: 4/8/2009

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Personal Investment, Tax Preparation

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