You can improve your credit by doing the following.
Pay bills on time.
Getting a higher line of credit on your accounts.
Dont pull your credit. Goto free sites like credit karma.com you can pull your credit for free on Trans Union and Equifax.
Settle old debts and dispute them once paid off with the credit bureaus.
Eliminate credit card balances. Your debt on each card should not exceed 30% of the full credit.
Automatic payments are a great way to pay bills on time.
Don’t close unused credit cards as a short-term strategy to raise your scores.
How can you buy a home with less than perfect credit. I will give you a feel options to do this.
If your scores are in the 580+ range we may be able to get you a FHA loan with 3.5% down of the sale price of the house.
Conventional Mortgage if you have good credit.
Owner financing/Contract for deed. There are a lot of properties out there that the seller will carry the financing for the buyer. It is a lot different than a mortgage with a lender. You will want an experienced Real Estate professional to take care of you. BoardWalk Premier Realty INC Specializes in Contract for deed homes in Minnesota and Wisconsin. One of the leading Contract for deed companies in Minnesota.
There is a lot to know when drafting a contract for deed-Where to record the deed -what to put into the contract?
Get a home inspection.
Have a title company draft the final contract.
Have Steve Vennemann represent you in the sale.
Do you need a survey?
How much lakeshore comes with the property if its a waterfront property?
How long does it take to close on a property? 7 Days if the house is vacant and inspection and title work is completed.
Can I buy a home with Bad credit?-Yes if you have 10% down of the sale price of the property.
Buyer can chose the title company of their choice.
What can I expectwhen I buy a home contract for deed?
Its similar to a mortgage the payments are usually amortized over a 30 year amortization schedule. There is a Balloon on the contracts. The length is usually 3-5 years sometimes the seller will carry the contract longer but not too often.
Buyer pays the taxes and insurance on the property.
Buyer maintains the property.
Buyer gets tax benefits and equity if the home prices go up.
For more information and contract for deed listings goto