credit report mortgage
credit report mortgage
If I buy an owner financed house, is there a way to get the mortgage reported on my credit report?
I am buying a house from a builder. I can’t get a loan so he is willing to owner finance. Is there a way that I can get that mortgage reported on my credit report so that timely payments will raise my credit score?
Generally not, unless the builder agrees to report to all three credit reporting bureaus. Understand that there is a hassle involved with doing so, as well as a cost. Your builder would need to subscribe to the three bureaus in order to report to them.
