How can i get Mortgages, if i am with bad credit ?
Answers:
Read this Review about Difficult financial situation ...
http://review-of.blogspot.com/2007/05/di...
Speak to an Indepenant Financial Advisor in the first instance, they unbiased so they will look for the best deal in each individual case.
If all else fails, we got our mortgage with Platform Company.
I was on the brink of bankruptcy, and my fiance cant even get an overdraft. But these people gave us a mortgage!
The interest rates are a little high (6.4%) but after the first two years of paying a mortgage, we can go to any high street lender.
Try them is all else fails.
This is what you can do
Put alot of money as downpayment, which means you can qualify for a mortgage with maximum 60% to 75% LTV (Loan to value) Depending upon what kind of credit you have
Next, you can go for a hard money lender, which will get you the maximum LTV but it wont' be more than 75% anyhow... Also, you will have to pay a way higher interest rate like 10% or something.
Good Luck
Mohit Madaan
Loan officer
718-775-3226
Mohit@ImpressiveLeads.com
First of all it depends on how "bad" your credit is. If you score is below 550, you will have more trouble getting approved, and if you the interest rates will be so high that you would be better off renting.
Your best option is to try to get as much money down as possible. Most banks will approve anyone at good rates if the can get 30% down. Getting 20% down is very good also, but your interest rate still could be very high.
If you have bad credit, you may want to seek out a mortgage broker. They can find you a loan with a credit score as low as 500. Good Luck
you have nothing to do only feel online form and get a mortgage.
http://www.ask4loan.co.uk
COMPLIMENT OF THE DAY TO YOU. MY NAME IS MR. KENNEDY OMON AND I AM A MONEY LENDER. I WISH TO OFFER OUT LOAN TO YOU IF YOU ARE INTERESTED IN GETTING ONE. I OFFER OUT MY LOANS WITH LOW RATES AND A LONG REPAYMENT DURATION. YOU HAVE TO END ALL YOUR WORRIES BY JUST GETTING BACK TO ME IF YOU ARE IN NEED OF A LOAN AND I ASSURE YOU THAT YOU WILL NOT REGRET WORKING WITH ME. YOU CAN CONTACT ME VIA MAIL AT: kennedylender1@yahoo.com
Take a look there : http://index-go.com/bad-credit-finance-m...
If you have a really good income, it may be a good solution. But if you earn an average salary, you better wait a few years and save some money.
Good luck !
The following companies specialise in finding loans for people who have had problems obtaining credit because of County Court Judgements,Mortgage Arrears, Bankruptcies, etc.
Most of the following deal with loans and mortgages,
some of them mortgages only.
Alchemy Financial Services, Nicholson Room, Building 1, Shamrock Quay,
William Street, Southampton, SO14 5QL. 01703 232623.
Alpha Finance, 6-10 Bowden Terrace, Newcastle upon Tyne, NE3 1AX.
0191 213 1683. 01222 233743.
Apex Finance. 01628 665115.
Charles Ashworth Finance & Co.
Homeowners : 01614 770974. Tenants : 01252 341122.
Atlas Financial Services, 194 Shoreditch High Street,
The City, London, E1 6LG. 0171 729 6999.
BFS. 01274 587418.
I dont think you will get Mortgages if you have good credit then it is based on your income I would have thought 1 mortgage is enough .what you after a street?
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
More Related Questions and Answers...