Is there a way to get a mortgage loan to buy a home even if you have very poor credit?
Answer:
Bad Credit You Can Still Get a Mortgage to Buy a House
By: John R Blakefield
Sure you can.just do some research on this web site.check some of the ad links and see what offers they make you.
Good Luck
yes.. you may be financed for a slit 80/20 loan.. to find out accurate information about this please talk to a lender. Also if you happen to work for the state that you live in they may have a hidden deal where they will pay for the downpayent on your house. best person to contact is your local housing or agent dealer to get more informatoin. good luck
ditech.com claims to accept "poor credit" applications
you have 2 options:
1) work with a local bank officer, discuss your situation in detail, and obtain a 'friendly' ear. Must be a community bank, must be a link to the bank that ties back to you, ie a personal friend, friend of a friend etc.
2) Get someone that has good credit to co-sign for the loan. A mother/father/relative, good friend etc. The catch is, they need good credit too..
The real issue is that you have bad credit to begin with. Is it more reasonable to assume that you have had bad performance on paying back loans or are already stretched to thinly, or that you got a bum rap? More likely you have the credit you deserve.
yes, the long way is to repair and rebuild your credit . it may take up to a year . pay all of your bills on time starting now . make arrangements to pay of any other debts that are giving you a bad rating . take out secured loans from banks even small amounts will do . or the short way place it in someone else's name until you can purchase it yourself
Actually there are at least two ways. Bigger down payment, and/or higher interest rate.
Good luck.
yes.you can get it but at a higher interset rate
Yes, but you'll most likely have a much higher interest rate. One option is to hire a mortgage broker. They'll take your information and find you the best terms for a mortgage. You have to pay them to do this, but it'll most likely get you a better rate than you doing it on your own.
yes go to http://www.wesayes.com
Try searching on "mortgage poor credit" at
http://www.online-mortgage-shoppers.com/.
Spending a few minutes browsing here could help you find just what you are looking for. Don't be misled by this sites name you can find all kinds of financial services here.
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