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Waiting Periods for financing pursuant to Agency Federal Guidelines
Life is not easy and sometimes people encounter credit problems not by design, not by choice but because of insurmountable challenges. People get into financial trouble for various reasons. You could have experienced a loss of a supportive spouse, family member, or friend. You can experience a disruption of income or job loss. Maybe you are a business owner and encountered unanticipated financial obstacles such as cost of materials doubling, or labor shortages and the inability to cover your losses. No doubt a number of situations can give rise to the catastrophe of your credit.
In 2008 the real estate market crash caused many good credit consumers to become insolvent overnight. You might be one of them and looking for a beacon on your search for financing. Beacon Point Mortgages has solutions for your rescue. Review the waiting periods here and if you are less than 2 years from a major credit event, do not hesitate to contact us. We don't discriminate. We have options for everyone and have credit repair experts on board to help you re-establish your credit and improve your FICO scores.
The waiting period applicable to the different types of housing events is displayed below on the desk-top version of this page, but unfortunately is not available in mobile view.