I would like to find out how here in Oklahoma I would be able to go about getting a loan with a sliding scale payment so that I can afford a nice house on my income alone. I don't have the best of credit, but am working on rebuilding it. Where do I start to look?
2007-10-17 17:08:02 · 1 answers · asked by hip_n_hapnin_lpn 2 in Business & Finance ➔ Renting & Real Estate
Talk to a reputable lender and have them pre-qualify you for a loan OR tell you what you will have to do to get your credit score as high as possible so you can get a lower rate.
The Sub-Prime loans of a couple of years ago are now hard to find and usually carry a very high interest rate. Beware the Adjustable Rate Mortage, easy to pay the first few years but always goes up and is one of the main causes for all of the foreclosures that are happening now.
Good luck
2007-10-17 17:26:42 · answer #1 · answered by Bladerunner 3 · 0⤊ 0⤋
Check into Habitat for Humanity. Also check with the housing authority in your city to see if they have any programs you might qualify for.
2007-10-17 17:23:09 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Check out www.gatewayada.com. They've helped a lot of people in your situation. I had a friend who had declared bankruptcy & they even helped them.
2007-10-19 05:39:50 · answer #3 · answered by Ally 2 · 0⤊ 0⤋