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We are hoping to get a loan for a max amt of $30,000. We want to pay it of in 5 years or less. What are the odds we'll be able to do that w/o getting ripped off? Oh, we're military too...if that helps. Any advice would be great! Thanks!

2006-11-27 11:53:21 · 5 answers · asked by Renee B 4 in Business & Finance Credit

5 answers

Yes call Glenn Silvera he can do loans like that one day after discharge, at least thats what he told me...

Your scores probably suck, and you'll pay a high rate, but you'll get your money....

gsilvera@adelphia.net O:561 683 9168 or C:561 309 5539

2006-11-27 14:41:29 · answer #1 · answered by Anonymous · 0 0

$30,000 is not a huge risk for a lender. You are smart to consider the fact that most lenders do try to rip off people with very bad credit scores or a bankruptcy.

But I believe it can be done. From my experience, my local banker has never offered the lowest rate. I've never filed bankruptcy. I think my credit score is around 760.

BUT... I just bought a new property and used LendingTree.com.

I was pretty happy with the results. (And no...I don't work for lending tree). I wish you luck! Buying a home is one of the best investments you can ever make. =)

2006-11-27 20:43:17 · answer #2 · answered by ? 5 · 0 0

You can get an FHA mortgage 18 months to 2 yrs out of b/r. Go to http://answers.hud.gov/ and search for "bankruptcy".

2006-11-27 20:39:48 · answer #3 · answered by Kevin K 3 · 0 0

Go see your favorite banker, and also talk to a mortgage broker. The worst thing that can happen is that they say "no."

2006-11-27 19:56:42 · answer #4 · answered by Anonymous · 0 0

I think it's 7 years and your credit is cleared. good luck.

2006-11-27 19:55:15 · answer #5 · answered by violamom74 5 · 0 0

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