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Love is the law.Innocent

How to get a Mortgage

How can I get a mortage to buy a house when I don't have good credit?  I'm tired of renting.  I keep seeing low rates and that it is a buyer's market.  I was victim to a ridiculously high rate before and had to sell my former home over a year ago.  I also don't have a lot of money to put a substantial down payment either. Thanks.


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5 helpful answers

Alternative Investments at www.HardMoneyMi.com

First things first, straighten out your credit.  Go to the government mandated web site and pull all 3 credit bureau reports at www.annualcreditreport.com, look them over and dispute anything that looks innacurate or outdated by writing letters to the each bureau directly.  While you're correcting your reports search out realtors who work with property owners willing to sell on a land contract or lease with an option to buy.  In the current lending climate you are going to be hard pressed to find a lender willing to work with you unless your credit scores are above 620 and you have savings for a down payment.  You have some work in front of you but if you're diligent you can find yourself another home.

Posted 2009-04-29T14:46:11Z
HardMoneyMi was invited by Yedda to answer this question.

 
44 helpful answers

Love is the law.Innocent

Does the website above give me the same information that the mortgage companies receive?  I hear they are different.  Also, I may have fallen victim to a phising scam and gave out my SSN thinking it was the bank.  Any ideas on what to do about this? Thanks.

 
49 helpful answers

Same Day Payday Loans & Cash Advance for your instant financial requirements

A bad credit mortgage isn't hard to get, but unless you shop around or take some professional advice, you may not get the best deal. Some lenders can charge high interest rates for a bad credit mortgage, or attach severe restrictions and penalties. If you need a mortgage and you already have financial problems, you need to make sure that you do your research and speak to the experts in your locality to ensure you get the best product for your needs.

Posted 2009-05-02T07:59:33Z
 
44 helpful answers

Love is the law.Innocent

I know all about them.  I've been victim to them before.  They charge high percentage rages, will only give you a 2-5 year fixed, make you jump hoops to get them and then once you sign on the dotted line, they immediately sell it to the bad company you just got away from.  GMAC is one of them and their "bad credit" bogus branch is Paramount funding.

Posted 2009-05-02T13:29:08Z
 

i am single mom and i used to work as a nurse but when my mom develop a stroke i have to stay at home to take care of her.
some few weeks back i was in needing of an auto loan to change my car and do some repair in the house i live i have no where to go so i decied to apply for a private loan lender here online.
luck was on myside i was directed to mrs daro patty she is a very kind woman
she grant the sum of USD1800000 for me which i used in getting a new car and did some repair in the house now i am a very happy woman
so i will advice you that need any type of loan to send your request to her via daropatty@yahoo.com
she will still help you.

Posted 2009-05-18T15:23:52Z
 
44 helpful answers

Love is the law.Innocent

Who is this woman and where is she out of?

Posted 2009-05-18T16:56:54Z
 
44 helpful answers

Love is the law.Innocent

Jerome, Do you have any suggestions?  I live in VT. Thanks.

 
44 helpful answers

Love is the law.Innocent

Jerome, Do you have any suggestions?  I live in VT. Thanks.

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