Good Morning!
If you are worried about your older collections keeping you from getting a loan - I can probably help you.
Many lenders have overlay guidelines that will decline your loan if your collections add up to be too high. ...For instance some lenders have a $10,000 limit on total collections, etc.
I don't have those overlay guidelines.
So, if you are clean for the last 12 months, and we can get an automated approval on your file - then I can get your loan done! ...even if your total collections add up to $25,000!
...just keep it in mind if you want to buy a house. One less hurdle for you to deal with.
Have a good day today! ...and thanks for reading.
Brett
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