Comments for Bad Credit Mortgage Pro

Comment on Are there any legitimate ways to obtain a mortgage with bad credit in your past? by CALIFORNIA GOLD

CALIFORNIA GOLD — Sat, 16 Oct 2010 12:49:59 +0000

You need to get a good loan officer working for you. Chances are you are currently credit worthy. To find out, fill out the free evaluation form at

http://www.totaldebtsolutionsllc.com

and they will have a loan officer from their network contact you.
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Comment on Are there any legitimate ways to obtain a mortgage with bad credit in your past? by tremble y

tremble y — Sat, 16 Oct 2010 12:25:59 +0000

As a Bankruptcy attorney I can tell you that times have surely
changed and YES you can get a mortgage even with bad credit.
People are often shocked that you can even get a mortgage with
a bankruptcy. It simply depends on the lending institution. I can tell
you though, that credit unions are better than banks when it comes to this area , and wholesale brokers are better than them both due to their ability to shop around for the best rate and term for you
I have used one company with success although there may be others you just have to be patient and look around. http://fico400.com/ Hope this helps!!
References :
Bankruptcy Attorney Chapter 13 Payoff

Comment on Personal Loans for People with Bad Credit? by Jeannine Creagh

Jeannine Creagh — Sat, 16 Oct 2010 12:24:59 +0000

hi
If you looking for a legitimate online loans in 1 Hour.once approved your loan will be transferred directly to your checking account promptly, and securely. Now you’ll be able to use the cash for all your necessities.

http://fast-loan-usa.info

• 100% secure and processing
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Good luck!……
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Comment on Personal Loans for People with Bad Credit? by Life Is Better After Retirement

Life Is Better After Retirement — Sat, 16 Oct 2010 12:03:59 +0000

Well Mr Sweat, did you mean to put "sweet" scamers often mis-spell.
We all know that people with bad credit CANNOT get a LEGAL loan.
I am sure your cohorts in crime will be posting soon.

Good Luck getting that bad credit loan.

BTW how did you get bad credit in the first place?? People don’t loan money to people that DO NOT pay their bills.
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Comment on Are there any legitimate ways to obtain a mortgage with bad credit in your past? by linkus86

linkus86 — Sat, 16 Oct 2010 11:49:59 +0000

Believe it or not, but "Bad Credit" is a subjective issue. I suggest you speak to a mortgage broker in your town to figure out how bad it actually is. A smart mortgage broker will be able to help you fix what is wrong (sometimes certain debts can be overlooked). After you have been pre-qualified, shop the rate! You could be a lot closer to being ready to buy today than you think. Good Luck!
References :
I am a Realtor

Comment on Personal Loans for People with Bad Credit? by timothy p

timothy p — Sat, 16 Oct 2010 11:43:59 +0000

"Such as Ex-Bankrupts and/or paid and unpaid defaults" The odds of you repaying debt is very low. You will be stuck with payday loan type lenders.
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Comment on are there any programs/grants for single mom first-time home buyers with bad credit, but good job? by Price is what you pay for value.

Price is what you pay for value. — Sat, 16 Oct 2010 11:30:59 +0000

Lender will give you money for sure. Probably charge you a higher interests rate and extra insurance on the loan for not having the down payment or good credit.

Would you consider delaying your plan? As housing market continues to slump, it might save you 10% simply by waiting for a few months. Another way to look at it, you can increase profit by 10% when you are ready to sell it.

http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514

As housing market continues to slump, if you don’t plan to delay your plan, please interview several and pick a good realtor or agent.

Bad ones will talk you into buying the largest property at your credit limit. Good ones will find you a good deal (Sellers are offering discount and incentives now).

Try to stay away from Adjustable Mortgage, because 30 year fix mortgage rate is very low right now. There is no reason to use Adjustable loans except fatter commission for loan agents.

Interests only loans are not good iether. Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn’t add to the equity to your house. It simply disappear as your pay it. If you want to use interests only loans, might as well rent, especially during market downturn, because housing price won’t appreciate.

Finally, for tax benefits, talk to your CPA or tax accountant. Do not consult finance with realtors or agents. They get commissions when you sign the check!

Good luck!

Good article when you want to put in bid, negotiation.
http://biz.yahoo.com/brn/060909/19463.html

—————————————————-

Different perspective:

It is a myth that renting is always worst off than buying.

Rent vs. Buy as Housing Market Continues to Slump

As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor.

Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn’t add to the equity to your house. It simply disappear as your pay it.

If interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy.

For example, let’s buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month.

Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through.

And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay.
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Comment on Is there any way to scape bad credit history in a co-mortgage if my partner is unable to pay for his share? by Jennifer

Jennifer — Sat, 16 Oct 2010 11:28:59 +0000

Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://simurl.com/luwsoh
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Comment on Personal Loans for People with Bad Credit? by ibu guru

ibu guru — Sat, 16 Oct 2010 11:12:59 +0000

Loan sharks. Interest rates run about 600-700% on payday loans (if you have a job). Loan sharks can charge more. No wonder you have stinking credit – you cannot borrow money at those sorts of interest rates and be able to pay your bills. You are in desperate need of the simplest facts of financial education: put money away into your reserves FIRST, then pay for necessities, and never spend money you do not have.
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Comment on Are there any legitimate ways to obtain a mortgage with bad credit in your past? by liza_1226

liza_1226 — Sat, 16 Oct 2010 11:04:59 +0000

yes there are ways i work for for a mortgage company give us a call (818)668.8282 contact me ext. 336 liza, we can get a quote for u over the phone and we will do our best to get u what u need! wee will try to get ur intrest rate as low as possible we close at 7 so call asap or we open tomorrow at 10 am. Our company name is United Wholesale Lending we r also members of the better business bureau BBB We r ligit… U can also check out our website

http://www.unitedwholesalelending.com
call or e-mail me
liza@uwlending.com
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