 How can I sell my house faster? And make it more likable to the buyer? |
| My house is in Palmdale, California. It was built in 94' and is in great shape. Four rooms, tile, carpet, great condition. My real estate agent is not doing a good job in promoting the house. I ... |
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 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 ... |
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 How do people afford all these big expensive homes? |
| I have worked hard all my life and can not afford 300 400 500 or more thousand for a house. What I am seeing in RI and MA is 3000-4000 sq foot homes with big tags. A 2000 sq ft home is still ... |
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 1st time Home buyer, good time to buy? |
| My husband and I are looking into possibly buying a home here sometime soon. I have been told by everyone that this is a buyers market right now. Do you agree? If not, can you please explain? I ... |
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 Is a Rental lease invalid if the Landlord made me sign my not yet married name? |
| I signed a lease 6 months ago on April 30th.. ok.. So my landord made me sign in my married name, even though I wasn't married yet. I got married on May 16th... Does this technically make the ... |
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 Is it really possible to buy repo homes without being an Real Estate agent? |
| How do you go about doing it? I am looking to invest in property but am unsure of how to go about it.... |
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 What to do about noisey neighbors? |
| I live on the top floor of a two story apartment. We're in lease until December. The people in the apartment below us are college students and they have parties aaaaaalllll the time--like every ... |
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 Mortgage co-signers question? |
Hi,
I am ready to buy a home, but I am pretty sure I would need 2 co-signers on the mortgage. Does anyone know if this is possible? Or is it limited to only one co-signer? My credit score ... |
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 What are my options on this situation? |
| Me and my now ex girlfriend bought a house for 105,000 with an FHA loan. we have had it for almost one year. things between me and her have gone sour and she wants to just get out from under the ... |
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 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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Cherie | Is it possible to get a house with poor credit and not have a high intrest rate? |
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Las Vegas Go To Loan Guru
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Yes it is possible.
You'll most likely be required to put a large sum as down payment and if you want to drop your rate even more you can buy it down. If you want to get the option of a even lower rate there is something called an option arm where you're allowed to make a minimum payment, but that will vary from 1%-5%+ as to what the minimum will be based on. |
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novastarbanker
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In todays market, you will find it almost impossible to even be approved. The fall of the sub-prime market means no more high risk loans. And even when they did lend high risk, the drawback that has everyone going into foreclosure now is the rates on the loans. Prime rate today on conventional lending is about 6.50%, when lenders were lending high risk, the rates were at least 7.50% or higher and were adjustable rates to boot. Credit rehab is your first responsible step to becoming a homeowner. Email me at thenderson@acgmoney, and I can help. I have easy answers for quick fix for certain credit problems and I work with REPUTIBLE credit repair companies who will help in the most professional way. |
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J O
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Yes it is, the only way to get a decent rate if you have bad credit is to go FHA. FHA requires a full manual review of your file so you better have solid compensating factors to make up for you bad credit or else you may be SOL. Banks use credit to determine the risk level of a given loan, bad credit means that you are a high risk. Banks cover their risk by charging a higher rate. Of course high interest rates are all relative, even with your bad credit their could be a huge difference in rate from different banks. Feel free to email me if you have further questions I'm always willing to talk shop, but I'm just trying to be as honest as possible and let you know that much of the time bad credit=bad rate. |
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Cindy
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I have found that many people who think they have bad credit simply don't.
If you truly have poor credit, then that will increase the interest rate.
I want to point out that you should not focus on the interest rate. Look at your overall payment. Sometimes I'm the second loan office who has the privilege of working up a loan for my client and often my interest rate will be higher, yet the payment is lower.
It is all in how the loan is structured. I finally told a client last week that it was her choice. She could pay $80 a month more by going with the lower interest rate at another company or she could close with me.
She's closing with me next week. :-) |
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mukwonago53149
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If you have poor credit, then you will be forced into paying a premium for something called "default risk." There is no way around that.
However, you can STILL get a reasonable interest rate based on other factors such as the interest rates in the economy. If 90 day T-bill interest rate is 5%, you might have to pay 12% with bad credit. However, if T-bill rate drops to 2%, then you're only paying 9%, etc.
You can also reduce your default premium by lowering your LTV - or loan to value. This means you put more money down, up front.
You can further reduce your overall rate by decreasing interest rate risk and default rate risk by taking a shorter-term mortgage like a 10 or 15 year instead of a 30 year. |
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K F
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NO...and If you have poor credit, most likely you wont get a loan in the first place, If you have low income there's special programs to help first time buyers...HUD for example,just check with a Realtor to see whats out there. Most Realtors now a days make you get pre approved anyways before looking at homes. |
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