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Gene Said:

Will asking my credit card companies to reduce my account limit help me get a better mortgage?

We Answered:

No. What will lower your credit score is accounts that are maxed out. So if you have a $5000 limit and a balance of $4800 it will lower your score. The reason is because you now have little credit to use on that account. However, having to many open accounts can affect your scores. Good luck on your mortgage hunting. Most lenders have stopped doing 100% loans unless they go thru fannie mae.

Stacey Said:

anyone managed to get a mortgage with bad credit?

We Answered:

Yeah I did... but then I woke up from my dream.

Take the next 6-12 months and pay down debts and pay things on time. Also make sure you have at least a 10% down payment (don't forget that on top of a down payment you have to pay inspection fees, appraisal fees, title fees, deed transfer fees, and other misc closing fees usually totaling an extra $3-8K depending on where you live)

Roland Said:

Looking for a bad credit mortgage in NC...I have 35-40% to put as downpayment...anyone know of willing lenders?

We Answered:

Have you tried going to lending tree.com?
With 35% even if you had no credit you shouldn't have any troubles finding a lender.
Try your local banks and credit unions first.
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Ruben Said:

I have really bad credit. Is a mortgage loan impossible?

We Answered:

an FHA loan might be your answer, as they have more forgiving credit score requirements:

http://www.thetruthaboutmortgage.com/fha…

You can also look for a local housing counseling agency in your area and make an appointment to see what your options are. Many so-called bad credit lenders can be predatory, so take caution.

Melinda Said:

are there any more lenders out there that will give a mortgage with bad credit but 10% down in atlanta?

We Answered:

you want a 1/2 mill$ loan with bad credit..

thats despicable