Mortgage Lender Bad Credit

Derek Said:

Can I get a mortgage with bad credit rating and 2 months self employment?

We Answered:

I would say no, especially the way the economy is going.

Esther Said:

how do u refiance a mortgage with a high interest rate with bad credit?

We Answered:

More than likely you are not going to get another loan unless you can convince the company you have your loan with now to refi you, no new company is going to take that risk and your ownly hope is to convince your loan company that you cant afford the payments and they need to refi you or you are going to foreclose which they don't want because it cost them lots of money, your next step is to sell it and rent unless you can afford the payment then stay

Erica Said:

What home Lender will help someone who has bad credit buy a house?

We Answered:

Is this a trick question?

First you want a loan with bad credit. So you've already shown you aren't responsible enough to pay your debts. Then, you want to borrow more than the value of the house, so you can pay off other debts?

Okay, there is a name for a lender who will help you. It's called an insane lender, and you'd better act quickly, because he'll be broke by this time next week.

Perry Said:

Mortgage with bad credit score?

We Answered:

I have been going through almost the same thing. The best advice i can give you is what my mortgage broker told me and my husband. Start paying off whatever bills that are on your credit report now, and then get 3 secured credit cards each, to bring your credit score back up. That will be the best way. I know it's a long rough road, but it's working for me. You can get the credit cards from HSBC and First Premiere. Good luck!

Marcus Said:

Getting a mortgage with bad credit?

We Answered:

With a history like that you will find it extremely difficult to get a mortgage.
A specialist broker might find you one but the interest rate will be horrendous.

But you could use your spare cash in a more constructive manner and clear all those bad debts. When they are clear and confirmed as clear you can apply to have you credit history cleared up.

The put your energy into saving hard for a deposit so that you can show potential lenders than you have cleaned up your act and got a deposit together and are no longer a risk.

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