All About Mortgage

How serious is a negative point on your credit record when applying for a mortgage?

Unfortunately we co-signed a loan with my brother of his car, and he missed a payment (31 days) and the finance company reported on my credit husbands. How wrong that looks to potential lenders (mortgage). We already have a house, but seek to move within the coming years. Anyone out there with the loan experience of the mortgage industry that can add an idea? If Please no solicitors

Do not worry. Although the end of the show for 7-years only, the value of 24 months of payment history show actually present on your report, to all, they know that the account was 1 x 30 days late, they do not know when the end has been made. The last 24 months of history payments is the most important. Make sure your brother Doe's right not to ruin again and it should go.

Bad Credit Mortgage