 What exactly does "owner financing" mean? |
| The owner of a home is motivated to sell, so in the brochure it is listed ....... Motivated seller is willing to offer owner financing. How does that work?... |
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 Should I pay off my mortgage early or use this money to invest some where? |
| I still have 25 years of mortgage,I also have 3 months of saving , 401K, IRA, Life insurance, living Trust....poeple offen said do not pay extra to your mortgage, use this money to invest, by the ... |
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 Whats the best web site to use in order to look at house rentals in your area? |
| I live in texas and am currently looking to rent a house and im having a hard time finding good website. Please help!... |
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 Is our Realtor doing her job? |
| She has shown it five times in the last three months, now she is telling us one thing the people are saying when she showed the house, should'nt she tell us the feed back every time, and not ... |
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 I'm 9 days past grace period on my rent. yet my roommate is paid on time. eviction possible?? |
| we're paid for half the month and the month isn't half over. he's already telling my roomie that he might kick her out. Is that technically ... |
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 Can i get 100% home loan for 250k with a 630 credit score and no money down ? |
| my wife will only look at new home we have looked a KB home she liked not sure if they would carry or if need to go eles ... |
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 Buying a home for 290k. I have $100,000k to put down. Am I better to put only 20% down and invest..see remks? |
| should I only put 20% down and invest the remaining 42k in CD or some other instrument...was thinking the extra interest i'd be paying will give me a bigger break at tax time?? any financial ... |
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 Can a landlord ask for more deposit after we have paid it? |
| I signed a contract from jan 2008 to dec 2008 and paid a deposit of £600. My landlord has now issued a new contract for jan 2009-dec 2009 and has asked for more deposit, it this allowed? He has also ... |
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| In relation to mortgage loans what constitutes a low credit score? |
| I have been reading lots about the housing crisis and have learned that the loans for new mortgage loans for people with low scores it getting harder to aquire. What constitutes a low score? 600? 590?... |
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 How old do you have to be to get own place? |
| how old do you have to be get an apartment or something in california?... |
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 Is consolidating your bills a good idea before trying to get a new home loan? |
| The way I look at it, I'll be out of debt at the end of this year, not including my car and small student loan...yeah, I know. I made a lot of stupid decisions. I DON'T have bad credit. I... |
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 Termination of agreement before Lease is signed??? |
| Is there a stated time that the would have landlord has to give back the deposit. We have no signed lease, I have absolutely given her a signed formal letter stating that we will no longer be ... |
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 Can a landlord tow a registered car that was in a spot that he approved? |
| He also didn't let my brother know that he towed his car, so now the towing price is more expensive b/c it's been sitting at the garage for a while.... |
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 Can anyone help me, please? |
| Does anyone know of a good website where you can look for local apartments? Thanks !!... |
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 Behind on Rent Landlord changed the Locks to the Storage area? |
| We were 10 days behind on our rent and our Landlord changed the locks on the Storage unit int he basement and left us a note saying that if we dont pay he will evict us and keep our stuff as ... |
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 Should I lock in 30 yr mortgage interest rate now/ wait. They have risen to the highest this wk.Closing 03/30 |
Should I lock in mortgage interest rate now or wait. My husband and I have decided on a house to buy and looking to get our
mortgage loan approved. The house is a new construction that will be ... |
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 Incentive for renters while house is on the market? |
| I am preparing my duplex for sale. Currently I live in one of the units. The other unit is rented and eventually, if it does not sell within a year, I will have to rent my unit out as well. My ... |
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 My best housing option? (UK only please)? |
| I have to be out my house in a month as my dad has come into some financial difficulty and has to move to smaller house which has no space for me, Im fully employed but dont have the money for a ... |
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rainedrop61 | Our credit is bad due to medical bills. I am looking to buy a house. My question is this...Is there anyone out |
there that will help us with a home loan with poor credit? I need to move out by Febuary or March. And I already have a house we want to buy from a private owner. But, the owner can't help us get a loan because she is already in a nursing home. I live in Illinois and I am a CNA and my husband is an OTR trucker. Please serious answers only! |
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Michel D
 |
There is a loan for just about every situation. The only thing is can YOU deal with the stipulations of the loan. There are a few programs I can think of that you MIGHT qualify for such as an FHA program. Programs like those don't really look at your score but at the contents of your credit and reasoning behind the situation that you are in now.
I cannot tell you exactly what you can qualify for because I would need more information. If you would like to pursue this dialogue further please write me at mdesdunes@sicloans.com |
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teran_realtor
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Find a lender that does FHA loans. They do not go so hard on medical bills as do conventional lenders.
Good luck. |
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ScottMortgageExpert
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You should see if you can repair your credit a bit and with those jobs, you may qualify to go full doc which will help you get a loan. Do you have any money to use as a down payment? Do you know what your credit score is? Nowadays almost anyone can qualify to buy a home but should they is the question. Do not go in over your head but you should definitely speak with a mortgage broker because most banks will laugh you out the door with subprime credit.
Are you currently renting and if so, do you pay by check each month?
Is the house that you already found to buy, the house you are currently living in? |
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the dream
 |
It depends on your definition of poor credit; if you have a 580 score, you can get 100% financing. Credit Repair may be another option. |
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Skip
 |
The first thing you need to know is if you are qualified to purchase a home.
So the first thing you should do is contact a "Mortgage Broker' you may find this animal in your local telephone book.
Tell him you plan to purchase a home get "PRE-APPROVED"
Now this person is gonna want to see lots of documents to prove certain things about you and anyone else trying to buy this home with you.
So to get you started I am gonna give you a few of the things you will need
#1 Fed income taxes for 2 yrs as well as W-2 for the same period
#2 Pay stubs covering one complete month.
#3 6 months from bank statements from all the banks you use to include any 401k plans at your place of employment.
This will get you started during your first interview. Now don't plan on a short trip to the mortgage broker's office or telephone to fill out the application. There are lots of questions as well as lots of forms to sign that are required by state and local authorities. He will even fax them to you. Make sure they are accurate as possible before returning them.
Once he has the documents signed and back in his hands, he will run a credit check thus finding out your credit score. With this credit score he can now tell you what loan programs you are qualified for. The appropriate monthly payment, how much the lender will allow you to borrow to purchase your home as well as tell you about the interest rate of your mortgage.
Once this has been accomplished go to the person that want to sell her house to you. Draw up a contract between the parties on the property and you and your husband. You will need a date, sales price of the house. Put down what you think the house is worth and add this in the contract "or appraised value of the property" If the seller is going to carry a second mortgage this should be in the contract.
NOTE: She can sell the property for less than the appriaised value, but not for more than the appraised value.
Also you would want to put down how much of a down payment you are gonna make if any. If you are gonna make a down pay and secure a loan for the rest then in your contract should be "Buyers will get a new first mortgage of the difference between the sales price and the down payment. Place a date that is agreeable to all parties when they would like to see this transaction close or is over with. Give yourself at least 2-3 weeks. The transaction might or might not close on that date, but this is the target date.You should put in the contract who will pay for the closing cost and how much. Closing cost can be split down the middle or the seller can pay.
Now give this contract to the mortgage broker. He will insure that it gets to the escrow closing officer, who will make the escrow documents off your contract. He will also order the appraiser for you. Allow him to do this because he has several appraisers that are signed upo to work with him. The one you select might not be on his list.
Your mortgage broker might want additional items from you this is normal just find what he needs he is working on your behalf and acting as go between you and the lender.
Shortly thereafter the mortgage broker will call and set up a date for you to sign your loan docs, again plan on being there for a time. This is not hurry up process.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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ogrendle
|
You should probably stay where you are. Why must you move? Have your agent put you in touch with a "hard money" lender. Sell your house as soon as you can. |
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kishaloy_bhowmick
|
Hi ,
The credit is not bad itself ,only because of the Health Bills . So , I don't think it will be a pain in the neck to find a good deal . Also do provide your credit scores and the value of the Home .
And you two have stable jobs in sectors that can't be hit by those stupid things like outsourcing and all . So let me see what the best deal i can find . But I think 90-10 % will be an easy one .Also i can try for more .
If you provide me the details of your case along with the state and location etc then i might be able to find you a good lender .Normally , the rates are now in the higher fives and lower sixes .
Provide the case details to kishaloy_bhowmick@yahoo.com
or call at 480.751.4125 ...
regards...
kish |
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Arizona A
 |
yes you can have a loan but because you credit is not good you will pay 10% or more of interests that is mean high monthly payment however after 2 years you can refinance with a new loan and if you credit is better your interests it will be lower.
my advice to you is made a contact with a real estate broker
and get ready to sign a tons of paperwork before get the key of your house is not impossible but is difficult
good lucky!!! |
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NONAME
 |
yes, try an fha loan - find a broker - there are thousands |
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