Will I Get Approved for a Home Loan with a 607 Credit Score?

home loan

I want to buy a honestly cheap townhome (only 115k). Would it be possible to get approved for a home loan (100% financing). If it is any help, even though my score is low, it’s really on a steady climb upward -from a 540 a year ago.

I’ve been employed at the same affair for 3 years, I make decent money and this would be my first home buy. Will I get approved, you reflect?

Should I Get an Home Equity Loan or Should I Save My Money and Pay with Cash?

home loan

I own a house that will be paid off next year.

I want to do some remodeling in my house like a new kitchen, all new travertine floors, new doors and some other things.

The total of my remodeling will be about $45,000 including all the labor and materials.

My question is: Do I get a home justice loan for 7% to8% or do I save my extra cash and pay for the remodeling in full in about 2-3 years after I pay off my house?

If I get a home justice loan for about 5 years, I will pay near $10,000 in interest alone. That’s a lot of money!

Any thoughts?

P.S. I have no debt except my house loan. No credit cards, no cars, no school loans, no nothing!I have a credit score of 780 and I don’t like to pay interest if I don’t have to!