my fico is an embarassing 560 . and Im tired of paying for someone elses home to be payed for by renting.
2007-03-17 15:47:01 · 6 answers · asked by cain c 1 in Business & Finance ➔ Credit
A cosigner will help, but you can still qualify for a home loan with a credit score as low as 500. Don't be embarrassed, it happens to the best of us.
For information on bad credit mortgages, check out http://www.mortgageawareness.com
2007-03-17 17:28:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you have found someone foolish enough to co-sign for you because you have a sub-par FICO and good intentions, then by all means go for it!
Just be prepared for the friendship/relationship to end when you default on the loan because of a circumstance that you didn't prepare for.
2007-03-17 19:38:55 · answer #2 · answered by DaMan 5 · 0⤊ 0⤋
Hello,
This is Mr Chris Peters.I am a loan leder who give out loan at low interest rate of 3% to 5%.Are you financially down?Do you need help to pay your bills?If yes,contact me today for your loan at consultingpeters@consultant.com or consultingpeters@myway.com.If you have contacted me before you are now to contact me via my new email address.I will be ready to help you regarding this as i am ready to work with you if you are a honest person.When you are contacting me plkease do include the amout of loan you need and the duration you need the loan for so that i can frward to you my loan terms and condition.I will be expecting your mail soon.Thank you
consultingpeters@consultant.com
consultingpeters@myway.com
2007-03-18 04:46:13 · answer #3 · answered by peterson c 1 · 0⤊ 0⤋
well if your credit score is lousy, fix it. getting a homeloan and then screwing that up is not going to be of any help. and with the market the way it is now, the type of loans available for people with bad credit is starting to cause the industry to implode. any person who would cosign for a home loan is nuts. sorry, but that person is pledging to except the debt if you fail to make payments, start small, but down a down payment, that will lower your mortagage cost. pay your bills on time, do not take out any equity loans they can kill you. and work your way up the ladder.
2007-03-17 15:54:23 · answer #4 · answered by mjlee105 4 · 2⤊ 0⤋
I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
2007-03-17 15:58:44 · answer #5 · answered by Anonymous · 0⤊ 2⤋
you have to find a bank that does manual underwriting.
2007-03-17 16:27:07 · answer #6 · answered by heybulldog 5 · 0⤊ 0⤋