i need a mortgage now...problem is i have som past judgements that are still open.....i dont have the money to pay them off....id rather get a mortgage and live a nice life.......ANY HOPES ??
2007-02-04 17:54:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You have to remember that banks WANT to lend you money. Mortgage brokers also WANT to lend you money. That's what they do. With past open judgements, you should still be able to get a loan, though you will probably have to pay points and/or have a higher interest rate. Remember, banks and mortgage lenders want the same thing that you do, to let you BORROW money.
2007-02-05 16:56:02 · answer #1 · answered by Infohigh 1 · 0⤊ 0⤋
You can absolutely still get a mortgage with open judgements. I am assuming you never filed bankrupt b/c you have the open judgements.
You will just have a higher interest rate to pay back. Go to www.LendingTree.com
When you submit an application on there, lenders will compete for your business and get you the best rate possible for your credit score and situation. You can even get a mortgage with no money down.
My mortgage broker is excellent and I was referred to him through lending tree.
Best of luck.. buying a new home rocks!
2007-02-04 18:00:06 · answer #2 · answered by WORLD FAMOUS 3 · 0⤊ 0⤋
yes you can depending on how many and what you are willing to do to get one.
go to a local realtor and tell them you need to be put in contact with a mortgage compay for people that have blimshed credit. they will get you the names. you will have to pay a higher interest rate and will only be able to get a "starter" home, but it can be done and it isnt that hard.
did you know that a lot of mortgage companies do not count medical bills against your credit?
a starter home is basically a fixer upper or a lower end home.
2007-02-04 18:02:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋