I have been looking for a $100,000 mortgage to buy a house and pay off some bills. I have put in a couple of applications and I am not getting any positive responses. I have no idea what i could be doing wrong. surley its not my credit because I know people who have filed for bankrupcy and still been able to buy houses. I know my credit isint perfect but it it isint bad either. I dont know what to do, please give me the name and website of companys that might be able to help me.
2007-01-19 12:11:24 · 6 answers · asked by ? 3 in Business & Finance ➔ Renting & Real Estate
My husband is a loan officer for Home Funds Direct. If you want to email me then I can give you his name and his phone number so that you can contact him. He can probably help you out cause they deal with people that don't have perfect credit. My email is angeljre@yahoo.com
2007-01-19 12:16:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
in case you purchase a house at the same time with your boyfriend, determine you have a written settlement of ways issues would be dealt with if one in each and every of you needs to bypass away. I even have examine many thoughts of couples who've ruined themselves financially in a majority of those situations. One man or woman leaves, the different won't be in a position to discover the money for to pay the full mortgage, the guy who left would not decide to pay something, and the guy who remains won't be in a position to sell the homestead without the permission of the different. And the two human beings's credit is going in the dumper with a foreclosure. in spite of if or no longer you think of it won't be in a position to ensue to you, purely get a written settlement besides. there is no rush to purchase residences, expenses are unlikely to bypass up for a on an identical time as. you will have the skill to get a private loan as lengthy as your earning can help the money. good success.
2016-12-14 06:33:14 · answer #2 · answered by lonsdale 4 · 0⤊ 0⤋
If you were ever in the military you might qualify for a VA loan, which requires no downpayment and they don't put as much weight on the credit score.
Any lender who turned you down for a loan should be able to tell you exactly why. It could just be that your debt-to-income ratio is too high (you make $5000/month but you have $4000 in bills.) Ask them to tell you what you need to do to get the loan. They want your business, they'll tell you!
2007-01-19 12:51:09 · answer #3 · answered by operababe_61 3 · 0⤊ 0⤋
I would check out your credit score just to be on the safe side. And then head to a FHA mortgage. There are many programs for first time buyers. Good Luck!
2007-01-19 12:23:50 · answer #4 · answered by kelly 2 · 0⤊ 0⤋
NationPoint.com
This company has assisted me in locating a First Time Homebuyers Purchase Loan for $125.000 in NJ. I don't have terrible credit, come to find out, but it is not great. Also, my rates are fairly good, in such a competitive market.
Of course, you would want to speak with a loan officer. My Loan Officer is:
Anthony D'Avanzo
Senior Loan Officer
Main:(800)770-4277 ext. 7580
Fax:(949)829-7880
anthony.davanzo@nationpoint.com
2007-01-19 13:34:19 · answer #5 · answered by ToniSB 4 · 0⤊ 0⤋
Contact a realtor. Ask them about FHA's they have lots of programs available. Look FHA's up on the Internet as well.
Best of luck
2007-01-19 12:17:07 · answer #6 · answered by Drea G. 2 · 0⤊ 0⤋