First let me give a quick summary:
Our Ch 7 discharged 9/08. We reaffirmed our home & vehicle & paid them both off when we sold our home in March of 2009. Since then we have each opened 3 credit cards (put approx $20 on each monthly & pay off in full), we opened and paid off an $11k auto loan & a $9k auto loan. We currently have a vehicle loan ($6k) that will be paid off in Jan & we bought a new vehicle in Sept of last year. My husband just started back to work for a company he had worked for for 3 years (worked for another company for 2 years then went back) & his credit scores are Experian - 661, Equifax - 644, TransUnion - 665
We were pre approved for $60k through FHA & rejected through Rural Development.
1st thing-Should we refinance the $6000 vehicle for a lower payment, would that help or hurt us?
2nd thing-We found an awesome modular (perm foundation) on 10 acres priced at $65k that we would LOVE to get. It is currently in short sale process & the owner is very willing to work w/ us as much as possible.
Does anyone know of a good national bank to try, or should we try to go mthrough a local bank, or does anyone have any suggestions as to what the best route would be? I'm not sure since it is a modular & 10 acres if FHA will consider it.
We do have a camper we could sell to pay off the pickup& have some leftover , but would only want to do that as a very last resort.
Our Ch 7 discharged 9/08. We reaffirmed our home & vehicle & paid them both off when we sold our home in March of 2009. Since then we have each opened 3 credit cards (put approx $20 on each monthly & pay off in full), we opened and paid off an $11k auto loan & a $9k auto loan. We currently have a vehicle loan ($6k) that will be paid off in Jan & we bought a new vehicle in Sept of last year. My husband just started back to work for a company he had worked for for 3 years (worked for another company for 2 years then went back) & his credit scores are Experian - 661, Equifax - 644, TransUnion - 665
We were pre approved for $60k through FHA & rejected through Rural Development.
1st thing-Should we refinance the $6000 vehicle for a lower payment, would that help or hurt us?
2nd thing-We found an awesome modular (perm foundation) on 10 acres priced at $65k that we would LOVE to get. It is currently in short sale process & the owner is very willing to work w/ us as much as possible.
Does anyone know of a good national bank to try, or should we try to go mthrough a local bank, or does anyone have any suggestions as to what the best route would be? I'm not sure since it is a modular & 10 acres if FHA will consider it.
We do have a camper we could sell to pay off the pickup& have some leftover , but would only want to do that as a very last resort.
Discharged Ch 7 9/10/08
