Past bad credit due to divorce and other negative situations..now situation is better, good, stable job.
2006-09-17 17:24:53 · 11 answers · asked by Debby 1 in Business & Finance ➔ Credit
Yes, but your interest rate will scare you away..
2006-09-17 17:28:24 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes. You will pay more for interest, and if you shop around you can find a mortgage broker that can get you 100% financing. More and more lenders (investors) want to make high risk loans, because the interest is more. Just be honest with the mortgage broker you choose.
2006-09-17 17:28:23 · answer #2 · answered by DallasGuy 3 · 0⤊ 0⤋
Yes, but you will pay lots more in finance fees and interest than a buyer with good credit.
You might be better off waiting a few years, saving toward a down payment and rebuilding your credit.
2006-09-17 18:24:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, from a predatory lender with an adjustable rate mortgage. DON'T DO IT. Establish some secured credit with a local credit union and try to borrow locally.
2006-09-17 17:32:21 · answer #4 · answered by curiositycat 6 · 0⤊ 0⤋
Yes, it is possible. You will just have to pay hgher interest and may not be able to borrow as much.
Talk to a mortgage broker. This is what they do, for a fee. You pay them a commission when you take out the loan.
2006-09-17 17:30:28 · answer #5 · answered by Zardoz 2 · 0⤊ 0⤋
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2006-09-18 10:10:51 · answer #6 · answered by noellecanning 3 · 0⤊ 0⤋
Yes it is read some credit and finance tips and more on this site to help you with it
2006-09-17 17:27:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, are you willing to buy with high interest?
willing to put more than 20% down?
in capitalist system, you can buy and sell anything, bottom line is the mulla
2006-09-17 17:28:05 · answer #8 · answered by Hoa N 6 · 0⤊ 0⤋
Here are a couple of web sites. Each one has access to hundreds of potential lenders. They will try to get you competitive quotes from several of them. There's no cost or obligation to you.
http://necessaryvirtues.com/recommends/loan
http://necessaryvirtues.com/go/4023/75
Good luck!
2006-09-17 17:40:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes.. it is easier to get a mortgage than a car loan.. your interest rate is going to hurt though... just as it will when you go to buy a car.
2006-09-17 17:35:14 · answer #10 · answered by martiniac 3 · 0⤊ 0⤋