Where can you find a mortgage lender when you have bad credit?
I own a home with very little owed on it as compared to it’s value and i want to refinance and get a little cash out to do some home improvements but my credit is bad because i assumed a family member’s debt. I have a good job and steady income but my interest rate is 12% with my current lender who is Beneficial which are not doing any refinancing for anyone now. Where can you find a lender that could help in this situation?
Credit-report-score.10001mb.com – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
how do u refiance a mortgage with a high interest rate with bad credit?
I have a mortgage at 9.75, house value is 244,000. loan amount is 183,000. i need to refinance but my credit score is 454. i can not find a lender to take me. do u know any lender who can help.
More than likely you are not going to get another loan unless you can convince the company you have your loan with now to refi you, no new company is going to take that risk and your ownly hope is to convince your loan company that you cant afford the payments and they need to refi you or you are going to foreclose which they don’t want because it cost them lots of money, your next step is to sell it and rent unless you can afford the payment then stay
Does anyone know of an online mortgage company that offers gift cards with refinance?
mortgage, refinance, home equity, bad credit mortgage
First, do not contact online predators. Spammers, like Marty from Premier Loan Sharks, are wanting to prey upon your situation, not help. You can suffer worse then financial lose, you could be giving your credit information to an identity thief and suffer for years to come. It is especially hard to deal with if you deal with anotehr country, there is no way to know where someone online is really located and if you have any legal rights if they steal from you.
Anyone desperate enough to offer gifts is someone you do NOT want to do business with! That is a sure sign that they have no clue what they are doing.
Looking for a mobile home mortgage with bad to medium credit?
We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
We wish to purchase a 2006 or 2007 new mobile home from a dealer.We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. They want us to split the property into 2 deeds. Due to zoning restrictions we cannot do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
Try the SOL Mobil Home Mortgage Company. The Broker took my credit app. While I was in Bankruptcy Court, and had me approved before my case was complete. Gee, Thanks SOL Mobil Home Mortgage Company.
Can a person (age 70) w/ bad credit and multiple refinances on their home be eligible for a reverse mortgage?
My 70-year-old aunt just refinanced AGAIN for a 30-year mortgage. Who expects to be paying at mortgage at 100?
Anyway, after doing some research I have learned that she has refinanced about three times and has bad credit (576 score).
I want to help her figure her way out of this. She said her son and her adopted son (who is 11) won’t want her house when she’s gone. So I found out about the reverse mortgage.
With these issues in mind, would she be eligible? Would that get her out of paying her mortgage 100% or only the overall loan amount ($282k), minus the amount the home is worth ($95k).
I know. This all sounds bad, but her 40-year-old son could careless about her affairs, and as her niece I want to see how I can help her out of this mess.
Unfortunately, I learned about it once all the damage was done. Also, if she is a candidate for a Reverse Mortgage, are there any cons to this concept when a house is in shambles and no one wants it once the owner is gone anyway?
I’ll keep it simple.
I couldn’t really follow your numbers, but the bottom lines is equity.
There must be a sufficient amount of equity in the home to qualify for a reverse mortgage. As long as she’s 62 years old or older and the HOUSE qualifies, then all that other stuff doesn’t matter.
Try this calculator to get an idea:
I’m not promoting one company or program over another, but this is a quick and easy referrance that I like to use.
Once you see that she qualifies, THEN, you need to decide if a reverse mortgage is right for her.
P.S. Put a “Credit Freeze” on her credit. This way nobody can issue her credit until she is notified (you can put your contact info for notification).
Powered by Yahoo! Answers