Bad Credit Mortgage Loan Lenders

Tamara Said:

How bad is one negative point on your credit report when applying for a home loan?

We Answered:

Don't worry about it.

While the late will show for 7-years only the last 24-months worth of payment history actually shows on your report so while they will know that the account was 1 x 30 days late they will not know when the late was made.

The last 24-months of payment history is the most important.

Just make sure your brother in law doe's not mess up again and you should be fine.

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