My credit blows! But I need a house because my family is too big for our apartment. Thought about renting a house but would love to buy if it's possible.
2006-08-14 06:58:22 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If your credit really is in the toilet, you'll be better off renting for a while and building up your score.
Rents normally aren't affected by your credit score, but you could wind up paying twice the going rate in mortgage payments if your credit is poor. This would only compound your credit problems as well as risking the roof over your and your family's heads.
2006-08-14 07:16:09 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
they have loans for "first time house owners" at banks that assist you with bad credit or no credit. also putting a good chunk of cash down would help out too. just go to a local bank & ask about the 1st time buying loans im sure they can help you
2006-08-14 07:04:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Are you really sure that your credit sucks? Have you checked your credit report and score? I thought my credit was horrible and was able to get a loan for a new car. Check things out and do your research. If one bank turns you down, try another one.
2006-08-14 07:05:08 · answer #3 · answered by gottaspider 2 · 0⤊ 0⤋
Must have 30% down to buy with a bad bad credit score.
2006-08-14 11:32:05 · answer #4 · answered by tianac23@sbcglobal.net 2 · 0⤊ 0⤋
Thank you for your question. We have program just for you but you would have to come up with at least 30% down payment. If you have any questions please contact me at the number below.
Sincerely,
Vladimir Rozumniy
Sr. Vice President/Managing Director
American Mortgage and Real Estate Group
8159 Santa Monica Blvd Ste., 201
West Hollywood, CA 90046
Direct (323) 428-5944
Fax (323) 331-1538
Email: info@amregroup.com
Website: http://www.amregroup.com
2006-08-14 18:10:28 · answer #5 · answered by vrazumniy 2 · 0⤊ 0⤋
i grow to be interior the same difficulty some months in the past. it actually relies upon on the commercial organization you're making use of and what type of financing you desire. we've desirous to bypass with Wells Fargo, because they reported that they in uncomplicated words use the score of the man who makes more effective funds. once you're making more effective, you may want to be in luck. yet you may want to be able to call any economic organization and ask them this question. they provide you with a immediately answer. wish this helps.
2016-11-25 00:47:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
make sure you pay your bills ontime for the next year this will help you greatly
2006-08-14 07:08:51 · answer #7 · answered by wyamideleted 2 · 0⤊ 0⤋