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Does owed medical bills really matter when buying a house?

 
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Sara
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PostPosted: Thu Jan 17, 2008 5:19 pm    Post subject: Reply with quote
I would like to purchase a home but I have heard I should pay off all owed medical bills on the other hand I have heard that they dont look at it. What do you know/think?


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LeAndra
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PostPosted: Thu Jan 17, 2008 5:22 pm    Post subject: Reply with quote
Yes. If you have medicale collections it will affect your ability to buy a house. It may be a condition before you close to have those debts paid off. Better check your credit report and make sure that you don't have medical collections.

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♥ Mary ♥
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PostPosted: Thu Jan 17, 2008 5:34 pm    Post subject: Reply with quote
I always heard that medical bills have less weight then other types of bills like, bounced checks or utilities. I just got a loan, signed the paperwork today and they could care less about my medical bills, they really said they looked at the other ones more, but I still got the loan.

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engineer50
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PostPosted: Thu Jan 17, 2008 6:15 pm    Post subject: Reply with quote
Debt, in general, matters when qualifying for a loan.

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***Mrs.D***
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PostPosted: Fri Jan 18, 2008 10:40 am    Post subject: Reply with quote
Hey guh! Step daddy told us that anything on your credit has to be payed off before you can qualify for a home loan. Whomever you are buying the house through will run your credit and tell you what you need to pay off in order to qualify!
Have them check all 3 credit bureaus b/c all 1 may have somthing that the other 2 don't have on them. All 3 have to be cleared.

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