Where can I get a mortgage when we have poor credit scores?

Answer 1

LOAN SHARKS AS BANKS WILL NOT TOUCH YOU WITH A 10 FOOT POLE .WELCOME TO PREDATORY LENDERS HEAVEN WHERE THEY LOVE TO GET PEOPLE AND RAPE THEM CAUSE THEY FORGOT TO PAY OR THOUGHT THEY WERE GETTING AWAY WITH ONE - LOL

Answer 2

Try the online mortgage comparison services like Lending Tree or Lenders Block.

You might find a lender on the other side of the country willing to give you a better deal than you can find locally.

Bad credit mortgages can be very expensive. It might be better to work on rebuilding your credit score over the next two or three years and then apply for a mortgage.

While you can always refinance, the upfront costs of a bad credit mortgage can be staggering.

Answer 3

There are ways but your interest rate is going to be super high with bad credit and low score.

My suggestion would be to clean up your credit first, then work on getting a home so that you don't have to live with a high interest rate for 30 years of mortgage payments.

Work on cleaning your credit by doing the following:

Make a list all your debts by amount you owe from smallest to largest. Then begin by paying the "most" amount you can each month to the smallest debt with the idea of paying it off quick. Then, only pay the minimum payment on the larger debts. Continue doing this every month until you have the smallest one paid off. Everytime you pay off a debt, call the company and tell them to close the account ... that you paid off the debt and that you do not want to leave the account open. They will try to talk you into leaving the account open. Don't do this as it is too convenient and you will be tempted and will sink into debt again. You then start paying the most you can on the next smallest debt in line and go on from there until you have each paid off. Every time you get any extra money, whether it be $5, $10 or more, apply it against your debt even if you have already sent in a payment. You can send in payments more than once a month. Don't go out to eat. It's "beans and rice, rice and beans" as Dave Ramsey always says which just means (cheap meals that you can fix at home). LOL Also do things to make money like garage sales, sell on eBay, get a second job, anything to help you get money to apply toward that debt. When you knock out the debt, the credit store will immediately begin to improve.

You can get additional help on how to accomplish this by reading and listening to Dave Ramsey. He has a talk show which you can hear on line through his archives, live on line, or by radio by entering your zip code and find out what time of day his show airs. Plus there is a lot of reading material on his site to get you started. In addition, he has forums from his site to get help and advice from other people who are in debt. Dave has been there (with debt) and knows what it is like and is now helping people to get out of it. There are people that have followed this method with over $100,000 in debt and have gotten it paid off without going through bankruptcy and without getting a debt help company to do it for them. Dave's website link is below.

I hope this information helps you and you get the relief you need so that your dream of owning a home will work out for you soon.

Best of wishes to you.

http://www.daveramsey.com

Answer 4

To be technically correct, the borrower "gives" a mortgage they don't "get" one. Start with a local savings and loan or try www.lendingtree.com