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Anna Said:

Who is doing something to help homeowners with bad credit?

We Answered:

I am not sure why the government (tax payers) should have to step in. Those loans were signed, the borrowers knew the rates would go up. And NO ONE has bad credit who pays all of their debts on time. Again, bad credit is a choice, and people made the decision to have it.

I certainly hope that the government keeps out of private home sales, this is not a communist country and it would be disgusting to force Americans to support people who made selfish and irresponsible decisions in the first place. No one would have trouble if they paid their bills and ONLY bought homes they could afford to live in.

Ian Said:

can you still get a secured loan if you've got bad credit?

We Answered:

Help is here I'm a mortgage lender and I work with low credit 500 -620 scores. Ask yourself this question how soon do I want this money? If you can wait more then 30 days we can look at credit situation and clean it up.How much equity do I have in my home? This will help with the loan to value.About interest rate that should be the last think because the higher your score the lower the rate and no one can give you a rate with out knowing you situation.If you want my help email me at ajf.funding at gmail.com