ok well my aunt want to sell me her house for $25.000 and its a real fixer upper! its totally trashed. i am 21 yrs old i just got fired, but i will have another job soon. so i would need about $50.000 all together for the house it self, and the money to fix it up. i have no credit at all. never had a credit card or anything like that. i was also thinking about having a realtor, come and look at the house to see how much it would really cost. i know its way less then what she offered. mabye like $15.000 or so... she also mentioned a (rent to own) deal. but i really need the money to fix it up.
so do you think i would be eligible for a loan? whats the best way i could for sure get one? i have a boyfriend also.. he would be with me all the way.
2007-10-22 04:46:59 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Ask your aunt or boyfriend to cosign a mortgage loan. If she's motivated to get out of house/if he's motivated to get in and help fix it up, you might have better luck with bank as a group.
2007-10-22 04:55:21 · answer #1 · answered by Goethe's Ghostwriter 7 · 0⤊ 1⤋
There are plenty of places that offer quick loans for people with bad credit with no-hassle applications and easy requirements.
Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.
http://www.axalda.info/bad-credit-loans.html
2007-10-22 05:13:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No credit, no job, and need 50K in all to make it marketable in a declining market. I am sure lenders will be knocking at your door. Do your homework on loans and the marketplace. Possibility slim to none in your present financial condition
2007-10-22 11:21:29 · answer #3 · answered by Pengy 7 · 1⤊ 1⤋
Try this website www.prosper.com
2007-10-22 05:17:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋