Frisco Texas Mortgage, Real Estate, Events, and more

Sometimes Credit Repair Takes A While... Be Patient

Ideally, it wouldn't matter what your credit score is, we would just approve you for a loan and into a new home. Reality says, that's just not going to happen. Credit score plays a HUGE part of a someone qualifying for a mortgage.

The good part is that you can qualify for a FHA with a credit score of 620. Where as on Conventional, you can go down to 640 but with a slight adjustment to your interest rate due to you being a 'higher risk'.

This post is not about 'qualifying for a texas mortgage'.

If you had credit issues in the past, it's going to take time to work out those issues. Your mortgage originator could probably tell you about one or two reliable and trustworthy credit repair companies, so be sure to ta

lk with them about it first. Something to keep in mind is that whatever the issue is, it didnt happen overnight... so, it wont be fixedovernight either.

I try to be very upfront with the clients I work with that are going through credit repair. I ensure they know that this process can take 3-6 months, depending on the amount (and types) of issues that are reported. But it never fails, I'll get calls from the client 3 weeks later or from the Real Estate Agent asking if I heard anything lately.

Don't get me wrong, I'll be happy to answer any questions but don't be surprised if I remind you that this can take some time. As a matter of fact, there are some cases where it can take up to a full year to resolve some very derogatory accounts and/or judgements.

Recently, I have been working with Dana LaRue of The Carter Law Firm here in Dallas. Dana is very thorough, patient, and easy to contact. I've found that their process is outstanding! They color code the entire report so the clients know the problem areas, strengths, and places that could use some attention. If you need Credit Repair, give me a call about Dana.

Overall, be patient. Credit repair can take some time, but it does not have to take forever either. Typically corrections will last 3-6 months.

When you fill out a loan application but your credit does not allow you to qualify, my response is that you do not qualify 'YET'. We work together to put you in a position to buy your new home or refinance your existing mortgage.



Are you looking to purchase a Texas home?  Perhaps you love your Texas home but would be interested in refinancing your Texas mortgage to a lower interest rate?  

I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice.  If you are available to talk, I am available to listen.  Give me a call or visit my website for more details.

Do you want to know all of your mortgage options? Call me today and let's discuss them further.

Texas Home Loan Consultant

Always available for your Texas Mortgage and Home Loan needs!

John R Cannata    P#214.728.0449

NMLS # 322646

Texas Home Loan Expert

Frisco TX Mortgage



The views expressed on this site are mine alone and do not reflect the views of my employer.

Comment balloon 11 commentsJohn Cannata • August 09 2011 06:15PM


I think it likely took you a while to get IN the mess, be patient and loyal to the program and it will still take a while to get OUT of the mess.

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) almost 9 years ago

John, there are so many folks that would like to buy a home but needs someone to help them. Thanks for the encouraging words.


Posted by Teral McDowell (Referral Patners LLC) almost 9 years ago

Ron - So true. It took some time to damage the score so it will take months to resolve it. Doesnt happen with just a phone call to the credit repair company. Now they have to actually stick to the program and re-evaluate their financial situation.

Teral - They just need to know that it takes time, but doesnt mean they can never buy a home.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 almost 9 years ago

Hi John! Great post & very encourgaging!

Posted by Maggie McFarland, Pearland Realtor, Homes for Sale in Pearland Texas (RE/MAX Pearland - Maggie McFarland) almost 9 years ago

Good Morning John, excellent input for clients who have credit problems.  It will take time to make the repairs.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA (Dan Edward Phillips, Humboldt and Del Norte Counties, CA) almost 9 years ago

Thank you Maggie.


Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 almost 9 years ago

Thanks Dan. I have found that many people want it done NOW and don't have the patience.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 almost 9 years ago

People can mess their credit score up so quickly but it takes time and effort to repair it.  Great reminder.

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) almost 9 years ago

Saw Judi's re-blog and wanted to stop by!  Like you, I have found folks who do not wnt to take the time to do the work.  I really enjoying helping buyers who are committed and willing to go through the steps.  Very often they will say to me, "I wish I had done that sooner!'

Posted by Ed Gillespie (WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850) almost 9 years ago

Judi - Credit is easy to destroy and can be very difficult to clean up.

Ed - I agree, this is something we hear a lot. Too many people live in the moment instead of thinking about the consequences. Other times, it was just out of their control due to a job loss, family death, or a number of other speed bumps we face in life.

Thank you both for the comment.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 almost 9 years ago

I would suggest to take advantage of free credit check now almost bank offers to monitor your credit. 

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties) almost 3 years ago