2007-06-26 09:14:23 · 7 answers · asked by mike r 2 in Business & Finance ➔ Renting & Real Estate
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortgage.html
2007-06-27 02:08:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Home loans are possible these days. Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.
2007-06-27 13:16:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have "really bad credit" why would you want to risk making things worse? Folks with poor credit may be able to get a mortgage sometimes but will pay dearly for the privilege of being taken to the cleaners by greedy lenders.
If you have good credit, mortgage payments will often be less than rent would be in most of the country. However, if you have poor credit you may pay a LOT more by trying to buy at this time.
It would make MUCH more sense to keep renting for now and work on two things: Save towards a down payment AND get your "credit house" back in order. Then, in a few years, you'll be well positioned to buy a home with a much more reasonable payment, both because your credit is in much better shape AND you have a decent down payment which will further lower your monthly cost.
2007-06-26 16:24:46 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you have a bad credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with bad credit score.Check out link for details.
http://l4y.info/
2007-06-26 21:58:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If your credit is really bad, you might not be able to. They're probably doing you a favor - no point digging yourself in any deeper than you already are.
Pay off some of your current debts and get your credit rating up, then think about buying a house.
2007-06-26 16:44:35 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
You can contact me anytime. I work for a national wholesale lender and a preferred lender by the three major credit bearuas. I specialize in bad credit, credit rehab and bad credit loans.
Contact me for further information.
1866 490 2342
Gene
2007-06-26 16:46:55 · answer #6 · answered by Eugene R 1 · 0⤊ 0⤋
this con is getting old.
1 - You just created your account today.
2 - You post this fake question about your need for a loan.
3 - You respond to your own fake question with loan offers which are obvious scams.
right after may reply will be dozens of fake loan offers all featuring yahoo (or other non-traceable free) email address.
______________________________________________
for example - Gene down below. If he works for a "national wholesale lender" shouldn't he be able to link a website?
also he just created his account today - just like you.
also his last name is "R" - just like you.
Coincidence?
2007-06-26 16:34:20 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Make a 40 percent down payment.
2007-06-26 16:19:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋