 How much earnest money should I put down? |
| I found my dream house and will make an offer tommorrow. How important is the earnest money? The house is vacant, so the seller is motivated.... |
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 Will we get preapproved with 687 and 715 credit scores? |
| My husband and I are looking to buya $250K house in Delaware. We make about $120K combined income. We are in the preapproval process, but want to make sure our credit score sound high enough to get ... |
|
 Should i sell my home? |
| i've only had my house for nine months my sister and my boyfriends best friend moved in with us(me and my boyfriend). we got a house with extra bed rooms because my sister and the friend told us ... |
|
 Being kicked out-Renting a new home- Low Income-HELP!? |
Hello guys,
I have been surfing the web for ever & I can't seem to find any help with my situation. I am being kicked out of the house, long story, & I was already looking for ... |
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 What are my options w/ this house?? Please help!!? |
| Story in short: old woman that lived alone in a house behind my parent's (where I grew up) passed away...her niece who lives in TX has been cleaning out the house and fixing it up little by ... |
|
 Eminent domain... county wants my land? |
| Whats a fair price determined by if the county wants to buy 4 acres of my land to build a retention pond to help control down stream flooding? Or can they just take it and build what they want?... |
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 My new landlord wants to charge me for water bill? |
| i think i heard its landlord responsibility in ny state this true?... |
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 How to break a lease (preferably landlords!)? |
Actually, I know how to, but I wondered if this would be a good enough reason for a landlord...
Currently I rent a 2 bedroom townhome. At first it was nice but now the area has really ... |
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 Is there going to be a housing market 'crash'? |
| As a first-time buyer, getting on the property ladder is fairly daunting at the moment. There seems so much uncertainty withing the economy....is it best to wait and see what happens over the coming ... |
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 Would you rather sell or rent out your home? |
| If you moved into a new house and had the option of selling your old house or renting it out until the housing market stabilizes what would you do?... |
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 Can I ask a realtor to hold a house for 6 months with some kind of legal agreement? |
| We would like to buy a house but will not have enough money for a down payment until 6 months from now. So can I ask the realtor to not sell the house for that time period?... |
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 What happens if my loan amount is more than my house is worth today cuz of the housing market? |
| Three years ago, we refinanced our house, got into a 3 year ARM, didn't know anything about refinancing so I did that, thinking that was the best thing to do. It was worth $182,000, the loan was ... |
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 My rented house flooded, my basement was packed with stuff, who has to pay to get all damaged stuff out of? |
I currently rent a house. This morning I went down stairs to switch over my laundry and to my supprise there was a foot of water in the basement.
When it rains I always seem to get a ... |
|
 Should I get an interest only 30 year fix mortgage? |
I'm considering an interest only 30 year fix mortgage but I'm still a bit confused.
After the 10 years, will the interest rate be changed to the rate at that time, or will it ... |
|
 Typical Water Bill? |
| I am moving into a 708sq.ft. 1 bedroom apartment in Irving, TX. It has a dishwasher and I'll have my own washer & dryer. I have my own water heater so I'll only be billed for my ... |
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 Can landlord change locks before we get our stuff out? We still have another week.? |
| She says that she has to let us in now, when we were suppose to have until the end of the month. T... |
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vanswssalmd | Can you buy a home with poor to bad credit??? |
I have never bought a house before, and don't know if it is possible for someone to do so with poor credit. It just seems silly to throw away $700-$800 a month renting an apartment or townhome.
If anyone has some good information on this, please let me know.
I'm living in Iowa.
Thanks! |
 |
 
sunshine_today
|
www.naca.com
check them out. they are a non-profit housing advocacy group that makes it's own mortgage loans and also works with big lenders. |
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Frank Castle
|
Yes. |
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Uncle John
|
I neve have eitehr, but I think you can, if you have the cash, and your credit is better than poor. Bad is better than poor or none. |
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zx2102
 |
Almost anyone can buy a home nowadays no matter what your credit score is. There is a program for any credit score. The only problem is that the lower the score you have the lower ltv you have. That's loan to value. You won't be able to borrow as much and you'll have to pay insurance on the loan. Borrowing FHA is the best way to go if you have little or no credit experience or if you have bad credit. The FHA website has all the stips for qualifying for a loan, which aren't too hard to meet. |
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Kevin B
 |
You may or may not. It depends on lots of different things. Your best bet is to stop at a local mortgage broker. They will go over your credit with you. If you can't get a mortgage they will tell you what you can do to become qualified in 6-12 months or even shorter depending on your situation.
If you saved up a down payment that would make it easier. If not, I would say (based on your scale) you'd have to have bad to good credit.
You should learn more about the mortgage process before you do anything. This will give you an idea on what you can do to give yourself a better chance of getting an approval. Check out http://explaintome.blogspot.com |
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The Rebel
 |
Owner financing.. Rent to own... Huge down payment. |
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Jess
 |
You should really go talk to someone at a mortgage company. There are a lot of good incentives out there for first time home buyers, and even people with fair to poor credit can manage to get a home loan. Ask about SonyMA (pronounced son-e-may) or FHA...also if one or both of you are a veteren there are VA loans where the government will actually assume part of the payment to help get the ball rolling. |
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cubanosmooth
 |
You can buy a home with bad credit but it may require a substantial down payment of between 5-20% of the loan amount, If you have at least a 580 mid-score you can qualify for 100% financing but the down side to this is that you will have a high interest rate. If you have any further questions or need my assistance please feel free to contact me Jcorreahq@yahoo.com
I am a mortgage broker and will walk you through each step... |
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loanstkime
|
i am a branch manager for Apex Mortage. I have helped many people who have bad or poor credit. in some cases 0 down.
I have loans for people 1 day out of BK |
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