Question by Teresa V: does anybody know of any mortgage companies that deal with people with bad credit scores?
My boyfriend and I are wanting to buy a house…. We know of one that is pretty cheap, only 23,900 and its big and nice. I havent applied at any companies yet incase that will lower the scores even more. Im trying to fix our credit now… but that house might be gone by then. Our credit scores are based on one repo and the rest are mainly collection accounts. He makes good money. Nearly 70000. Please give helpful advice… but mainly give us the name of a bank/mortgage company that can help us. thanks!
Some people dont know the facts are are rude and should keep those things to themselves. I dont work and he just got this raise.. before we were struggling because he didnt know how to manage his money. I got him on track. I do sell Partylite. Thanks to others for their positive comments

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Article by Mike Burridge

Did you know that the bad credit remortgages market was highly competitive? Or that bad credit remortgages don’t charge the massive interest rates you think they might? Or that, with the right advice, you could find the ideal bad credit mortgage for your current financial situation?

For many people, a bad credit remortgage is a financial product for those who’ve lost control of their finances. In fact, for many people, it is a lifeline – money made available when other lenders have turned them down. Money made available with affordable terms. Money made available with fair financial advice.

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The secrets to obtaining affordable bad credit mortgage loans even if you have had trouble in the past.

Just as the economy has suffered in the past several years, so has many consumer’s credit scores. Many individuals have lost their jobs, suffered pay cuts, or have fallen victim to another financial emergencies. This leaves many consumers in poor financial situations, feeling like they are unable to get a bad credit mortgage loan, in order to purchase a home.

Who Is Eligible For Bad Credit Loans?

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Buying a new home requires a lot of aspects to consider.  These would include your home equity, debt-to-income ratio, terms and varying interest rates. Let home loan equity mortgage calculators help you with your real estate concerns.

Home Equity:

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I know i should save $ for a down and have been but something always come up with kids and it’s VERY HARD so pleeeease, no lectures *smile*:-)))
. Here’s my question. I was told I am eligible for the piggyback 80/20 loan (I have bad credit I am fixing)but the 20% loan up can have 10% interest! I’ve done some calculating and if this is the case I’ll be paying about $2300 for the 1st mortgage and $800 on the 2nd and basically would have negative equity by the time I finally move in. Am I right? Should I just wait to save at least 3% for the SONYMA loan which gives you 6.7% interest? PS-my dad has great credit and he said he would co-sign.

What about a 100% loan with PMI instead of a piggyback loan? What would the monthly mortgage be guesstimating the home is $430K?

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I live in Colorado, just starting a new job where I will make a minimum of 68,500 (medical field so I will be able to increase my income to about 75,000 with extra hours). I’d REALLY like to buy a house, but with being a new graduate, I basically have very little for a down payment. I don’t know how much of a housing payment I can afford per month while still saving money, etc. No student loans need to be paid off, the government is doing that for me, and I have minor other monthly payments, no children, and I am single…

My question is, are there any downsides to an FHA loan?? Can someone give me a straight answer about how much of a mortgage I can afford, instead of these generic online calculators?? DON’T REPLY WITH GENERIC ADVICE THAT I HAVE ALREADY FOUND ONLINE. I would like to hear someone’s personal experience. Being a first time buyer, I don’t want to live beyond my means and become another casualty of the housing market…Thanks!

2 repossessions, bankruptcy in 1997; late payments on mortgage and credit card in the last 12 months. one repossession has been cleared and the other one still have an outstanding balance.

I need to save my house, made a very bad decision a couple of months ago. Now my credit is ruined and I am about to lose my house. I can afford my mortgage now, but need a loan of 10k to make it happen. Any legitimate help would be greatly appreciated.

California mortgage calculators help you calculate proposed mortgage payments so that you can make an informed mortgage decision.

It is a dream of every American to own a home.

It is a part of the American dream… and the greater dream is to own a home in California, the most expensive and preferred state for real estate investments.

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