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  • Are there any banks that give mortgage loans to people with bad credit?

    Posted on January 23rd, 2012 admin No comments


    Question by : Are there any banks that give mortgage loans to people with bad credit?
    I am looking to buy my first home. My goal is to get to a 620 credit score but I know this will take quite some time. I was wondering if there are banks out there that give you loans to buy a home if you have bad credit or if there are programs out there that help you fix your credit to get into your first home? My best credit score of the three credit agencies is 550. The worst is 490. Please help!

    Best answer:

    Answer by mccarthy410
    Short of having at least 20% down and paying closing costs and mortgage insurance and over 8% interest, or finding a house you can afford to pay all cash for, I don’t see it happening. I’d work on your credit and wait. I’m sorry to tell you that, I’m in the same boat and working two jobs and the goal for me is to either put as much down as possible or buy outright. You could try FHA loans and they might work with you, but I’d concentrate on getting as much down as possible or if you can, save till you can do it all cash. Sorry to sound harsh, cold and cruel, but life often is and I’m just telling you the truth.



    Know better? Leave your own answer in the comments!

  • Bad Credit Second Mortgage Lenders Take A Risk On People With Lower Scores

    Posted on May 11th, 2010 admin No comments
    asked:




    April
  • Do You Run Out Of Money Before The End Of The Month

    Posted on September 12th, 2009 admin No comments
    Kathy Boutin asked:


    Jun 07

    Do You Have Enough Money at the End Of The Month?

    No Comments

    Let me ask you, are you like a lot of people, do you run out of money before the end of the month.  Is your 401 fading?  Are you behind in your rent or mortgage?  Are you afraid of getting laid off at your job, or has it already happened. Do you live from pay check to pay check?  Are you wondering were the money is going to come from for college for your children.  How you are going to pay just regular every month bills?  What is your number, 100, 200, 500, 1000 or 2000, or more extra a month?  What is going to work for you to relieve some of the stress?  As of last Friday 14.0 million homes are in some default, or distress, by Dec, it will be 35 million.  The Mortage reconstruction act has only helped 56 thousand people.  Why, because of scammers, people have been charging money upfront, and taking there money and running.  This is out rageous.

    Come and check us out on Every Month A Million. I’m sure you can’t fathom a million, but maybe enough extra money to pay the bills and have money left over or more.  David Rosen built this business to help people get what they need.  He made it so easy, even the newbee can do it.   David gurantees 110% zero risk, you can make money and you will not lose.  If in doubt you can try for free.  We have a business plan and we help you get what you need.  Let us help you get your magic number!  What ever it is we want to help you!

    Check us out www.onlinesunburst.com 



    ELISEO
  • My Conshocken Mortgage Closing Costs Shocked Me

    Posted on December 10th, 2008 admin No comments
    Manu Geol asked:


    Well, you are not the only one to get shocked by the closing costs. There are a lot of people who go for a mortgage without understanding some basic fundamentals about mortgages. On top of that, they hire mortgage brokers who are good for nothing). Though mortgages (especially first mortgages) are an emotional thing (on account of the joy of being able to get into your own home), one must not forget that you are going to spend a lot of your hard earned money on fulfilling your mortgage obligations. These are not just in terms of the monthly mortgage payments but also in terms of the down payments and other costs.

    So, if your Conshocken mortgage closing costs shocked you, it must be because you didn’t calculate these costs properly. Closing costs can sometimes cause a lot of discomfort. Some people forget to include the closing costs altogether (you can take comfort from the fact that you had at least considered the closing costs for your Conshocken mortgage). Such people are in for an even bigger shock than what you got for your Conshocken mortgage. Besides payments and other fees, the closing costs also include pre-interest charges that are calculated by the mortgage lender as the interest from the day your Conshocken mortgage was recorded till the end of the month. That means that closing your Conshocken mortgage towards the month end would have made much more sense (and averted that shock that you received through your Conshocken mortgage closing costs). You can get more tips and advice on mortgages from websites Online. Search on google.

    So, evaluate your closing costs properly.



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  • My Manayunk Mortgage: the Fees

    Posted on September 15th, 2008 admin No comments
    Manu Geol asked:


    A lot of people just plunge into mortgage without evaluating it completely. They are either too fascinated with real estate so as to be able to evaluate mortgages or they are just plain careless. However, mortgages need to be considered carefully. Since your Manayunk mortgage is one of your biggest financial transactions, you cannot just go for that Manayunk mortgage without actually considering all the costs/fees etc related to your mortgage.

    Your Manayunk mortgage approval (rather mortgage approval in general) will involve a lot of different people/professionals. The first and the most important is the mortgage lender. Your Manayunk mortgage lender will agree on various terms and conditions with you as part of your Manayunk home mortgage loan approval process. Most people think that the monthly mortgage instalments are the only payments to be made to the mortgage lenders. However, mortgage lenders also charge an application fee (or the establishment fee) to the buyer. If you are going for insurance of your Manayunk mortgage, you will need to pay for mortgage insurance too (which can be part of your monthly mortgage payments). Stamp duties, registration and other government taxes should also be considered. Then you have the legal fees, as charged by the attorney. Inspection fee is another one that you need to consider. So there are a whole lot of expenses related to getting your Manayunk mortgage (or just any mortgage, for that matter) and you should consider all of these when evaluating your Manayunk mortgage. As far as the mortgage offers go, you can use certain websites online for quickly getting good mortgage offers.



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