One of my clients has credit scores of 506, 487, and 515. They want to put about $2000 down but can't find anyone to finance them. What should they do? No stupid answers either.
2007-01-10 13:05:05 · 4 answers · asked by shaydzofluv 2 in Business & Finance ➔ Renting & Real Estate
Only 45K for a house? I will buy it. They can pay me $150 a week rent... and I will give the house to them in 25 years.
2007-01-10 13:11:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
they have to raise there score improve the bad credit use the 2000 down money to pay stuff off there middle score needs to be 580 or more to get a loan also you do not need down money just closing cost. also most lenders do not like to lend less 50,000 the less u borrow usually will get you a higher intrest rate but with there score there going to pay alot anyway
2007-01-10 21:12:27 · answer #2 · answered by dmck105 2 · 0⤊ 0⤋
Look out side your state. Just a suggestion you may want to look into calling Mortgage brokers in Vegas..Vegas has some of the BEST PROGRAMS available and programs that most states have not ever heard of. Grab the yellow pages and let your fingers do the walking.
2007-01-10 21:21:03 · answer #3 · answered by sylviavnpttn 5 · 0⤊ 0⤋
Try a mortgage holder or a loan holder it isn't a lot of money if they get a personal loan for it.
2007-01-10 21:12:24 · answer #4 · answered by c0mplicated_s0ul 5 · 0⤊ 0⤋