i have a very low credit score , but need to buy a home can someon please give me advise?
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where can i get appoved for a mortgage with bad credit?
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click on this link. It’s previous questions
http://sg.answers.yahoo.com/question/index?qid=20070311111548AAlKT0Z
References :
Your best bet would to ask a local mortgage broker, as they can finance homes with a credit score as low as 500.
References :
http://www.consumerbadcreditguide.com/badcredithomemortgageloan.html
Some mortgage lenders charge very high interest rates that are prohibited by the state laws. The maximum extra interest charged for bad credit mortgage applicants should not exceed 8% than the rate of normal mortgages. The other predatory lenders charge exorbitant monthly payments that are out of the reach of the average borrower. As a result, the borrower has to go for closure. Some other lenders give a deceptive appearance of financing mortgages but actually they rob the borrower of their cash and home titles. These lenders target the people who have been served foreclosure notices.
References :
http://debt-trap.com/category/Bad-Credit-Mortgage-Lenders.html
Normally these loans are more expensive than those offered to borrowers with good credit. The interest rates are higher because the lender bears higher risk. Adverse credit loans have more stringent repayment criteria than normal loans. Skip one payment on a bad credit loan and your rate will rise and you may even have to face a foreclosure.
References :
http://best-articles-for-all.blogspot.com/2007/05/bad-credit-loans.html
I would love the opportunity to work with you to achieve the American Dream. My company is licensed in 48 states, and deal with over 200 lenders. Some of our lender includes Citibank,Countrywide, Chases and many others. Because of the many lenders we deal with, we are able to pull your credit once, deal with all forms of credit scores, and select a competitive deal that would beneficial to you.
If you are interested please feel free to contact me at emmanuelfleming@yahoo.com, and I promise to contact within the next 24 hours.
References :
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
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