Ravi’s Gadgets

My own credit score 537, one lender said to even consider they want 580, for a mortgage. Year ago September my husband and I paid off all bills, with a 0 balance, there were a couple that were charge offs. But she said that she’ll send us the credit report, possibly we need to contact them and request an update. We have had late payments before paying off bills, we own a home in another state, I am trying to get a mortgage to purchase a home in this state, for 99 or less. My husband has made late payments on previous home and now is 2 months behind. We can bring it up to date, but realistically, how long do I have to wait, or how can I get my rate up to 580 + sooner? So I can apply for a home loan going VA in my own name. What if he took me off of the mortgage of the first home, would that help?

In Texas, what penalties can be assessed for late payments, if the property is commercial and owner financed? What if the payments continue to be late, say 60, 90, and even 120 days, without foreclosure?