 I can't keep making payments on my mortgage or second mortgage, what can I do? I have no equity in home.? |
| I have home 5 years. home equity loan for three years. can't afford making payments due to seperation. what is my best course of action?... |
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 Its nearly july and i have my central heating on? |
| its ok if you live near the noth/south pole or somewhere like that, but im on the east coast in suffolk, uk. i wanna be down the beach eating ice cream and making sand castles and stuff, not sitting ... |
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 Do you think that mortgage lenders will try to cheat first time home buyers? |
| I don't remember calculus very well so I cannot substantiate the logic of interest rates and whether I might overpay my loan and sign off more than is necessary. Does this happen in the real ... |
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 Tenants in property have never paid, will not leave, NO WRITTEN CONTRACT? |
| Hi, we have a property that a gentleman who was supposed to be a friend of my husbands agreed to rent. Unfortunately we did not make him sign a contract since he was supposubly a friend. The ... |
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 Can your house be repossessed if the equity is much greater than the outstanding mortgage? |
What would happen to the equity?
Additional Details
Let me explain more. I have never defaulted on my mortgage payment. I am hoping that my Dad would invest a little (half the value of ... |
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 Do you have to be employed for a specific amount of time in order to be pre-approved for a home loan? |
| I just graduated with my bachelors and I have a job secured. There is a house on the market that I want and I know I can afford with my salary. How long do I have to wait before applying for a ... |
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 Does renters history or credit score matter the most in an apartment search? |
| I have no credit (have never had a card) but have good renters history. Will an apartment care that I have 0 credit?... |
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 Can apartments go through tenets mail? |
I live alone and my cousin used my home as their mailing address, she doesn't live here, but they have just gone through my mail asking who she was?
Isn't it unlawful, even for ... |
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 What should i do with my landlord? |
| i have a retail lease in Texas. Due to bad economie i pay 3/4 of my rent. The landlord do not undrestand any thing and he ask me to baroow mony from the bank for my rent. I put lots of mony in this ... |
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 If I am renting and landlord is aware...? |
| I have got damp and mould in my bedrooms my landlord is aware. When I moved in everything was repainted but I have phoned every week with a different problem. There was a blockage in the pipes ... |
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 Whats the best thing to do when looking for your first house? |
| Me and my partner are first time buyers - what should we do?... |
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 Moving out, young and scared. How much does it cost? |
| I'm 16, and due to familial issues, I've resolved that it's better for my own health that I move out on my own. I do not have a job yet, but I am applying at several places full time ... |
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 Why are foreclosures homes so cheap? |
| What's the catch is it really that cheap? How can I go about buying one? Do regular realty companies help? I see some houses listed at like 20,000 for a 3 bed 2 bath home... Is it for real? Any ... |
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chrisandmell90 | How can I buy a house? |
I am a single parent on a limited income and have four children who need a home of their own. My credit sucks bigtime. How does someone like me buy a house? Please, serious responses only.
Additional Details
I live in Illinois |
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Oracle
 |
Try hud homes |
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Kryztal
 |
Apply for a housing (HUD) grant, ie. American Dream Downpayment Initiative (ADDI) or Affordable Housing Program
You can go here for tons of info:
http://www.hud.gov |
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cathy colon
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I would highly recommend http://www.realtyhelpusa.com
you will know why i have recommended this site when you will visit there.you will find whatever you want about real estate. |
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Cortney B
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If you can afford to rent, you can afford to buy a house. Check out http://www.hud.gov/. |
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hottotrot
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HUD homes...or else pay off your debt or your out of luck. |
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Diamond in the Rough
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Look into first time buyers programs. |
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sheila m
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Hi my name is Sheila I am an accredited mortgage consultant and if you are serious about purchasing a property then please contact me for further information. sheila@mortgagenational.com.au or 0423 721437 |
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satarnag
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Your local city hall has affordable housing programs for purchasing homes for low to middle income families. They might even have some grants to help pay for it.
As far as the loan aspect goes, go to www.fanniemae.com and look at all their loan programs for low income people. Fannie Mae is a government agency that purchases loans from privately held lenders and banks.
Someone gave you excellent advice on how to fix your credit. You would be suprised how many points go up if a you dispute a negative aspect ofyour credit report and the debt company fails to respond to the credit reporting agency.
Regards |
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Andrew F
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lots of ways to buy a house with lousy credit and no money... but...
the main question is can you afford the payment. lots of people have came to me over the years wanting home ownership, and they are living in an apartment or a cheap house rental paying below market rent. they think they can move into this OK (or better) house and afford the payment and the taxes and the insurance and the upkeep. It is sometimes better to rent than to buy.
with that being said.. here are some ways to get the keys:
owner financing is still a big one, meaning the owner of the property is the bank. if the property has been on the market a while (first ask why) you might have a desperate seller. no money down, higher than average interest rate and a balloon payment in two years, in other words they'll cash out when you go to a bank in a year and a half and refinance. refinancing should be relatively easy with the appreciation of the property.
another way to buy a house in your situation is to go to a mortgage broker and see what they can do. you might be surprised. I know folks that were in the 400s in the credit score and got 100% financing.
another way is to look for private investors. network or place classifieds. this was a very common thing when interest rates were lower, and its still around.
clean up your credit! six months can really turn things around. if you can't afford to pay your bills on time, can you afford to buy a house? |
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Steve N
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I wish you would have told us the state you live in. Each state can, and most do, have programs to help folks in your shoes. Try talking to a local real estate agent, see if they can help point you in the right direction. |
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EssGee
 |
We had a similar problem. The first thing I did was order my credit report from the top 3 agencies, Transunion, Experian, Equifax. You can get one report free per year. .Next, tackle one bad "point" at a time. If you have a cell phone that you never paid off, pay it off, then call the company and get a letter mailed to you that shows you paid it off. Do this for each derrogatory point on your report, even if it takes a few months. After the last bill is paid, wait 90 days and then order your credit report again. If there is anything still on your reports, HAND WRITE a letter to the credit agency and ask them to please remove the derrog off your report because you are trying to buy your first home. Be nice, you will see that they really do care. Next, talk to relatives, friends and coworkers and ask for a referral to their real estate agent. An agent works with a loan officer who is ultimatley responsible for getting you financed. If your credit score is 600 or above, you are on your way to purchasing your new home, sooner than you think. If not, you might have a year or so to wait. Regardless, talk to the people around you and they will be able to refer you to someone who helped them.. |
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