... at a fair rate/ low interest rate?
2007-09-18 18:15:03 · 6 answers · asked by cyruswendydevo 1 in Business & Finance ➔ Renting & Real Estate
with FHA mortgages you can put less down and get rates of 7% or less.
there are many programs that can help you if you have bad credit
2007-09-19 03:09:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You might have trouble because the banks loaned so much to people with bad credit and now not able to pay their mortgages. You do however have a good down payment so you will probably get a loan. But you are not going to get the same rate that people with excellent credit get.
2007-09-19 01:20:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
6 months ago, the answer would have been yes.. After this recent real estate fallout, you don't stand a chance to receive a low interest rate with bad credit.. Sorry. But that is the truth..
2007-09-19 01:19:25 · answer #3 · answered by BigWashSr 7 · 2⤊ 0⤋
The webguide http://mortgagehelp.assistancecenter.info
has highly useful info on mortgage and home financing.
You can get all your doubts clarified from the site.
Check it out. Good luck!
2007-09-19 04:27:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
180 days ago, the answer would have been yes.
But I found interesting information about your answer & the best options here.
http://all-mortgage-calculators.blogspot.com/2007/07/mortgage-loans.html
Good luck!
2007-09-19 19:19:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
sub prime lending killed you and you dont even know it.
thats a good down payment, so shop wisely and good luck
2007-09-19 01:22:21 · answer #6 · answered by Ravin 5 · 0⤊ 0⤋