Posted by DJ-nyc on November 04, 2009 at 13:21:04:
In Reply to: Need to take equity out of primary home? posted by Jak on November 03, 2009 at 22:54:26:
Your credit will get better in approx 18 months if there are no additional incidents. I agree with having the house you live in mortgage free. A mortgage loan with bad credit right now in this market? Not a good idea. And if so, they will hit you with a baseball bat on the rate and terms! Find a partner if you have to buy. I hope it cashflows great, if not don't bother.
DJ-nyc