I need a house out in the country, but my credit is so bad and I have limted income and no down payment and can not pay a morgage.
2007-08-02 09:57:13 · 15 answers · asked by SHAWN 3 in Business & Finance ➔ Renting & Real Estate
Jeez Shawn, I guess you could always market yourself as a mail order husband to a rich woman overseas who won't expect you to contribute to the mortgage.
2007-08-02 10:03:23 · answer #1 · answered by ga.peach67 4 · 1⤊ 0⤋
Shawn, you may be joking about the question, but here is the answer:
You avoid taking on debt. Though can you can find a loan program out there called a NINA (No income, no asset), you wuold be in the wrong to want to add debt if you can't pay what you already have. There is no sense in ending your future buying possibilities with a foreclosure.
2007-08-02 10:06:38 · answer #2 · answered by myfastsubaru 2 · 0⤊ 0⤋
Stay where you are, save up and work on repairing your credit. Any morgage you would get with bad credit and no $ would likely balloon on you, ending up in your losing the house and being in even worse debt.
2007-08-02 10:00:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
maybe do a rent to own.....
you can get a house with bad credit you will just have a high interest rate which you can refinance later....
get a pre approval letter from a mortagage company to see what you can afford....allot of times paying a mortgage is cheaper than rent. sometimes you can include the down payment in the mortgage.
2007-08-02 10:06:11 · answer #4 · answered by IndependentMocha 2 · 0⤊ 0⤋
the answer is YOU DONT
how can you buy a house with bad credit and no money?
i say you get your money together while mabey you stay at a Friends or families house.
2007-08-02 10:05:39 · answer #5 · answered by sarah 3 · 0⤊ 0⤋
Have you been waching the news in the last couple of years?
A lot of people have been doing that, and it is draging the national economy down.
2007-08-02 10:03:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Well Shawn it looks as if you can't buy a house. Why would you want to if you can't pay the mortgage on it.
2007-08-02 10:00:40 · answer #7 · answered by house-hunter 2 · 0⤊ 0⤋
Well loan money from the bank and then pay them back.if you would like to buy a house in ny i would recommend hillside homes realty in jamaica ,queens
2007-08-02 10:01:38 · answer #8 · answered by Anonymous · 0⤊ 1⤋
fix your credit and get a job......
not pay a mortgage? no down payment??
are you KIDDING me??
go to the UPS store and by some boxes. live in them.
2007-08-02 10:00:46 · answer #9 · answered by Anonymous · 1⤊ 1⤋
You're in dreamland.
Wake up!
2007-08-02 10:03:40 · answer #10 · answered by Terry S 5 · 0⤊ 0⤋