Is there any way to get a mortgage loan with bad credit?
by admin on Friday, September 3rd, 2010 | 9 Comments
Hi there, I was wondering if there is any way at all to obtain a mortgage loan with bad credit, my home is sold and I am looking at a condo, I have half of the money for the condo but will need another half through a mortgage loan.
Is there any way possible to do this?
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It’s called subprime and it is tougher than it use to be. (way tougher) However if you already have 50% down you can go "conventional". Your interest rate will not be good but if you want a loan you really have no other choice.
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Yes, but it’s hard that way. Either that or start clearing up those bad credit.
References :
http://www.questhomeloans.com.au/
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References :
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Hello,
My Name is Maureen Sliver i live in the Singarpore and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life as i am a struggling Mum with three kids and i have been going through a serious problem as my husband encountered a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and i could not afford the bill for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i run to my father and he was not able to help, then when i was browsing through yahoo answers and i came across a loan lender Mr Lee Yong who provides loans at an affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, i had no choice than to give it an attempt and surprisingly it was all like a dream, i received a loan of $75,000 USD and i payed for my husband surgery and thank GOD today he is okay and can walk and is working and the burden is longer so much on me any more and we can feed well and my family is happy today and i said to my self that i will shout aloud to the world of the wonders of GOD to me through this GOD fearing lender Mr Lee Yong and i will advise anyone in genuine and serious need of loan to contact this GOD fearing man via leeyong50@yahoo.com.sg and i want you all to pray for this man for me.
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Hi,
I used "Quicken Loans" to refinance my home.Their rates for refinance and mortgage are very low even though my credit score is very bad.Check it out here:
http://QuickenLoans2010.notlong.com
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Well If you have money problem and u want loan. Few days ago my friend having very bad financial crises so while he was searching on Internet for Bad credit loan he found a site which contain link for Geniune lender for Bad credit Loan. He checked all 8 links in that each link offer different interest rate and repayment time.
My Friend got loan of 25000$ for 15 years on 6% interest rate which should be payed annually.
Well you go to
Dixiloan.com
Then Go to "Bad Credit Loan"
Hopefully you will get loan from there.
Take Care
Bye!
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I am lisa bruse from united state of america i saw your question about loan, i will like to advice you that when i was looking for loan online i was scam about $1240 from fake lenders online so some body introduce me to a God fearing man who help me with loan contact him via email tell him that its lisa bruse to refer you. Email: melvinfinanceloanfirm@yahoo.com.
No upfront fee
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Many mortgage companies are reluctant to finance people with bad credit or no money to put down. A bad credit mortgage lender helps people who have bad credit score, low income, etc.
A bad credit mortgage lender helps you get your loan approved much faster than programs offered by credit unions and banks. But you have to pay the price to get a bad credit loan. The loan you get will carry a higher rate of interest and will have higher closing fees.
It is advisable to check the rates with a few more bad credit lenders and compare. Even though you have to pay a higher rate, see that the one you settle at is reasonable and the most favorable. At present interest rates are low so try and get the best deal.
You can always wait a while, improve your credit score and then get a loan at a low rate of interest. Some bad credit mortgage loans carry a pre-payment penalty, so make sure your loan doesn’t have one. These bad credit mortgage loans have 6 months to 2-3 years pre-payment penalty. This means you have to pay huge sums of interest for at least 6 months before you can pay off the loan. If there is a pre-payment penalty you should take the loan that has the shortest term so that you can pay off the loan quickly without paying any penalty.
To compare loan offers complete our short form above. MortgageLoan helps you find the best bad credit refinance loans, bad credit home equity loans, bad credit home purchase loans and bad credit debt consolidation loans.
References :
http://LoansMortgageGuide.com