If I have bad credit do I need to get a cosigner to qualify?

A cosigner cannot fix your credit. Your credit report is made up of information from the three major credit repositories Equifax, Experian and Trans Union. Each reports a credit score for each borrower. The lender is going to use the lowest middle score between both the borrower and co borrower for mortgage purposes. If your credit needs to be repaired there are many non-profit agencies in Connecticut that can help you get on the right track. A McCue Mortgage loan originator can provide you with a credit counselor’s contact information.

Posted in: Credit