 Help me understand mortgage refinancing? |
| We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I'm not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500,... |
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 How do I get out of a 3 yr contract with Ballys after 5 months without moving or medical reasons? |
| I only wanted to use their trainer but i was told to sign a 3 yr contract to do so. I was told I can cancel within 30 days but then I was told it was too late. When I called, they said then told me ... |
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 How do i rebuild my credit? |
| I am trying to rebuild my credit and i cant even get a loan.. i posted on here but something happend.. somone told me to email this guy that gives out loeans but i dont know if i should do it.. i ... |
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 How can I rebuild my credit? |
| I have a couple of credit card charge offs. How can I start to rebuild my credit? should I make a settlement on those credit cards, or should I pay off the entire balance? How will each affect my ... |
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 Is a pre paid credit card a real credit card? |
i keep seeing offers for them and i wanted to know if its like a regular credit card except u can add $
i am planning a trip and need to rent a car and i know most rental places only takes ... |
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 How much credit can I have? I have a $42k auto loan, income of $95k annual.? |
| I also pay mortgage, around $2300/mo, around $860/mo for the car. Income is $95k/yr and about $8k/mo. I know that lenders tend to have a limit of some percentage of your income allowable to be used ... |
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 How do I get rid of a new, un-activated card? |
I applied for a credit card last week, and it arrived in the mail today, but circumstances changed, and I no longer want it.
It still has the sticker on it that says to call the number in ... |
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 Bad debt written off? |
| I had a discussion with someone who said that companies will write off bad debt after 5 years of trying to recover it, i disagree, does anyone know the actual facts about this?... |
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| How can I start my credit? I just turned 18.? |
| I just turned 18 and im in college, and I have applied for student visas, discover, and american express cards, but have been denied because i have no credit. isnt that what the student card is for? ... |
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 I have no credit and need to establish some. Where can I get a credit card with no credit requirments? |
| I have already applied for two credit cards and was denied because I had no credit or not enough income. I am a college student and figure it is a good idea to start establishing some credit. I plan ... |
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 14 year old having a debit card. What do you think.? |
| When it comes to money I am extremely responsible.When ever I get a gift card, I always check online what the balance is, before I buy anything with it. I dont go online to random websites and put my ... |
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 The loan is in his name BUT I've made every single payment? |
| So the guy I live with has a loan through American General Finance in his name and for reasons I won't get into here (too long of a story) I am the one making all the payments. If it matter I ... |
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 Can you buy a car with a credit card? |
| I've never had a cc with a high limit like over 20,000. I wonder if you can make big purchases like a brand new car all in one payment with a card like that, or do they put a cap on how much you ... |
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 Where can i learn how to fix my credit, deleting? |
| A friend of mine got some of his credit deleted. Brought his credit score up to 800... |
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 My dad used my name to get gas in his hosue when i was 15 and now i have a 1800 dollar bill to the gas comapn |
| is there anything i can do to get rid of this because i think it is unfair that i have to pay this bill that i did not create for myself please help becase i am a college student and it is also ... |
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Angeleyes78 | Buying a home? |
I was wondering if there is anyway to get a mortgage based solely on cedit score and not have to provide employment info?? (Wouldn't mind if rate might be higher) THANKS!! |
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Cali-Gal
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If your score is high enough (say over 720), you can get a loan program called a "fast and easy." Employment is not verified (however you still have to put that information on the 1003 loan application), income is not verified and in some cases, your assets are not verified. Countrywide has this program but they are very slow to process. |
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SicilianQt
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hmmm someones a drug dealer lol |
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Etta P
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Yes, it is called a "no doc" loan and they do not ask you about employment or assets, however, these types of loan do require a larger than normal downpayment and higher rates, as you know. |
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Expert Realtor
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Yes, these are called "No documentation" loans and the requirements are usually a mid-score of about 740 or better, and found only with A-paper lenders.
These are different than stated income loans where you "state" your income, but you have to have the length of your employment verified.
On a true, No-Doc loan, you don't even list a job, income nothing.
These are not common loans, so be sure to get a loan officer to check on these before he tells you no....this is a Fannie Mae product that was designed for people who are unconventionally employed where tracking this information is extremely difficult. |
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Cara D
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Actually, there is.....a NINA....no income, no asset verification, or "no doc" loan. They are not as easy to get as they were a year or two ago, and I would advise some real number crunching on your part before seeking this type of loan, as just because someone will lend you the money, doesn't mean you can afford it, case in point-the subprime meltdown. You can probably find a broker who can hook you up with this type of loan, as long as your score is good and you are putting some money down......be careful! |
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ThatGuy!
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Actually, it may be possible.
I know here in Canada, you have what is sometimes called a "no doc" or "self stated" mortgage. It's for self employed or commission sales people whose income is sometimes more than they may claim for taxes.
If you have very good credit, you just have to tell them what you make.
I'm sure there must be an equivilant in the USA, or wherever you live. |
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nurse ratchet
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Uh, no. They have to make sure you can make your house payment so they don't have to go to all the time, trouble and expense to repossess your house. |
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onlydreamdotbiz
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No, they typically ask for your past months pay stubs to prove you are working and can pay your loan. The credit score will only determine your type of loan, interest rate, etc... |
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Rick B
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There are "stated income" loans for self-employed folks. |
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Michael M
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no ................. employement is the key to any loan. |
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