 Who ownes a home? the person on tittle or the person on loan? please help!!! |
| I owe a home and some one is about to sue me so, I gave title to a family member. I'm not on tittle no more but i'm on loan. Can they still come after me? please help! need a lawyer advise ... |
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 We own a rental home and the lady who bought the house next door to our rental house wants us to clean an? |
| overspray from the fence stain that we applied to the fence we built the fence around the yard of our rental house. We had the house built in April 07 and stained the fence as soon as it was put up. ... |
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 What is mortgage? |
| what does mortgage on a house ... |
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 Landlord is selling house and we are not on a lease, and they havent said anything to us. What are our rights? |
| I have lived in my apartment since October 15, 2007. When i was looking at the apartment, i told the landlord that i wanted to live there for at least three years. A lease was never made up, so i ... |
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 I need a mortgage for self-employed less than 2 years that would avoid a down-payment and PMI.? |
| I have good credit (over 700), some assests, and have been in the field since Sept. '05. I live in Oklahoma. Any ideas?... |
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 I am the lowest point in my life and was homeless. I found a room to rent 2 mos ago but the landlord is try? |
| ing to come on to me. Should I stay. I am having problems finds another place to live that is just as affordable. Should I forget about price and just look for another place to live,.since the ... |
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 My partner and I are looking to move out. We both have great jobs but no renting experience.? |
Just wondering if anyone had any advice about what some of the things we can do to help our application have more chance of being accepted?
Additional Details
Wow thank you all so much! T... |
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 Where are the best places to own a house in America? and best place for the job economy in america? |
| My husband and I really want to move somewhere warm, we are looking to buy a house under 150,00 where will that money go the farthest? Are there these places near cities that have a strong diverse ... |
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 If your landloard moves and gives you no forwarding address to mail your rent checks what can you do? |
| My landlord moved from the address which he has us mail our rent checks to. He calls a week after I mailed the checks and lets me know he has moved and is wondering where his checks are. He informs ... |
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 Is it legal for a landlord to average the cost of utilities? |
| I just moved into my own condo, and I've been comparing my costs for utilities (gas & water) to what I was paying at my apartment. They were charging me DOUBLE what I'm paying here, ... |
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 Bank trouble!!! Please look at this, do I lose honest money(tenthousanddollars)... the bank rejects the loan |
| I am trying to buy a house. I gave ten thousand dollars honest money. Then I got the approved letter from the bank. Then ONE WEEK before the closing date, the bank rejected the loan. If the seller ... |
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 What type of mortgage would be best for us? |
| We are going to refinance our mortgage due to a variable rate issue in August. However, we are un-sure wether to go with a fixed rate or a 5 year ARM at a little over a .5 % less. We do not plan on ... |
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 I want this old house, but I don't know the owner? |
| There's this really old, small house on the side of the street on the edge of a small wood next to bigger, nicer houses. I've lived here (Raleigh, NC) for 6 or so years and I have never ... |
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 Buying a house...What should I offer? |
| I am wanting to put a bid in on a house. The house has been listed for about 2.5 months and the owners were originally asking 79,000. The just lowered to 74,000 about two weeks. I was thinking of ... |
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 If house prices are so low right now and still dropping why does my rent still keep going up? |
| I live in Michigan where house values are at an all time low. You can buy a house that 6 years ago was 200,000 for about 140,000 now. I don't have the time for a house and have been living in ... |
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 How do I ask my land lord if she will sell me the home I am renting.? |
| When I first started to rent, she didnt want to rent, but wanted to sell and get the house out of the way and have the money. Now, that she sees I am a good renter, she isnt sure if she wants to sell,... |
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hopeful | Can I get a home equity loan with a credit score under 500? |
My husband and I own our home free and clear and have been having trouble getting financing because of our credit score. I am guessing that our home is worth approx $125k, I am guessing. (our neighbors said theirs actually appraised for quite a bit more) We would like to borrow $50k-$80K to pay off unsecured debt and clean up our credit. Will this even be possible?
Additional Details
The only reason why we are here is because, our family business went under and we are trying to get back on our feet. The high intrest on our credit cards is making it impossible to pay them, after such a dramatic change in our families lives. |
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Millionster.com
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You cant get much of any loan with that credit score. There are some small things you can do to boost your chances..
Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year -- :
# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
When you're trying to rebuild your credit score it's important to get a comprehensive view of what is actually effecting it...
Your Credit Score is calculated with the following breakdown:
35% - Payment History
30% - Credit to Debt Ratio
15% - Credit History
10% - New Credit
10% - Credit Types in Use
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
I've got a lot of information on my blog about credit scores, and I get a lot of questions so feel free to check out any of my posts on millionster.com; I believe my articles here address many of your concerns but if they don't and you still have any specific questions feel free to leave a comment and I'll reply.
How Can I Increase My Credit Score
http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/
and
10-Ways to Boost Your MyFico Score
http://millionster.com/articles/debt/increase-fico-credit-score/
Also be sure to check out the promotional links I've listed here to help you get a better picture of your creditworthiness:
MyFico's Full Credit Report
http://millionster.com/go/myfico
Suze Orman's Credit Report Repair Kit
http://millionster.com/go/suzekit
30-day Trial of Credit Score Tracker with Free MyFico Score
http://millionster.com/go/fico30 |
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Patrick G
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Yep, not a problem. You will probably want a regular home loan not a credit line since they are more expensive. Ask a local mortgage broker, they should be able to help. This will not be cheap, but it is possible. |
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Pengy
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Better option instead of putting your home at risk is going to consumer credit counseling service, they will get the interest rates down, late charges removed, and give you one payment a month to make, and the services are free. If you mortgage your home and it will be at a high rate of interest you will lose money in the long run, and possibly your home. DO not take that route you will be heading for disaster |
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fredhh
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You could if you don't mind paying a huge finance charge and 25% interest.
Getting a home loan to pay off credit cards rarely works in the long run...
People get the home equity loan, the credit cards have 0 ballance... they say "WOW we can buy stuff!" and... pretty soon the credit cards are maxed again AND they owe a huge mortgage and they can't pay any of the payments on anything.
So...
QUIT BUYING STUFF YOU DON'T NEED.
Turn off the cable TV and satellite.
Turn off your internet connection... you can't afford it. Use the computer at the library for e-mail.
Don't buy ANYTHING if you don't have actual green cash in your pocket to pay for it.
Don't put the green stuff in your pocket until all the bills are paid every month.
Learn to live within your means.
BTW... look at how much you are paying in finance charges every month. Think how much more you could afford if you didn't have to pay that interest and late charges.... |
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Monty
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You may be able to get a secured loan from a bank by signing over your home as collateral, but your credit score is based on how well you "borrow". In other words, the way to a good credit score is to borrow often and pay it back always on time. Evidently, you have some bad debts and this is affecting your credit score. I'm surprised you can't find a sub-prime to lend to you at some ridiculous rate, though. Just because your house may be worth $125K doesn't mean you will pay back the loan and this is what the lender is looking at.
My question is "What's the point of borrowing money from one place to pay off a different debt?" I'm not an expert but the guy whose website I linked below is. He teaches a way to live your life without having to go into debt and has gotten a lot of people out of debt over the years. Hope this helps.
One thing to keep in mind is that money problems aren't caused by money and they won't be solved by money, either. |
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D.C.
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If your score is500 it will be very hard.try to get it up to 580 and u won't have a problem.THE FASTEST WAY IS TO PAY OFF A FEW CREDIT CARDS AND THAT SHOULD DO THE TRICK.**** LUCK. |
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sprintcardrvr
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If my sister in law can get financed anyone can.
right now loan company's are falling all over themselves to make secure loans ;For your home they would be in a can't lose situation. be careful make sure the gremlins that ran up that unsecured debt are gone for good.And the reasons for the poor credit are history, because you are letting your home bail you out, next time you are looking at the street. |
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jvazjr07
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Sell your home and your problems are solved. Seriously, you can pay off your debt and still probably walk away with a little money for a down payment later. If you take an equity loan you are just shuffling your old debt into this new debt. I would sell the house. |
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