Poor Credit Mortgage Lenders

Margaret Said:

Can I still get a mortgage with poor credit score even if all debts are paid?

We Answered:

you need a credit fico profesional on your side.

somene who shows you how the game works and how backwards the financial system is.

Someone who gives your the tools you need to empower yourself and succeed!

Most of the old school ways to building credit does not work anymore.

I have a few methods that work and its all legal and legtimate this takes months not yrs!

The game has changed and most people are not qualified to answer these questions.

If you would like to discuss this further

Sincerely,

Financial Freedom

Connie Said:

Poor Credit Mortgage Canada?

We Answered:

buildcredit.ifastnet.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

Loretta Said:

Can I get a mortgage with a very poor credit rating?

We Answered:

A score under 580 and you are not likely to find many lenders that are willing to give you a loan.

You need to work on getting your score up. How did your score get this low with no credit card debt? You may need to get a secured credit card and use it but pay it off every month just to create some payment history, which will raise your score. Also, pay some extra payments on the car to get that debt down.

720-850 - This represent the best score range

700-719 – Able to obtain favorable financing terms

675-699- This is still a decent score range

620-674 – May have trouble obtaining favorable credit terms

560-619 – May have trouble obtaining credit

500-559 – Time to improve your score

Leah Said:

how do you find a lender if you have poor credit .and are behind on your mortgage?

We Answered:

You need to get out of this mess and if you have poor credit, you won't be able to get a proper loan. You need to sell the house and I know, you owe much more than what you could get. This is why you need to contact your lender and make arrangements for a "short sale in lieu of foreclosure without recourse". What this means is that you will present the offers on your home to the lender and they will hopefully approve one of them. Then the lender will accept this amount as payment in full and will not come after you for the difference.

So why would a lender ever agree to this? Lenders know that if they foreclose, they will likely sell the house for cheap since they want it sold immediately and then come after you for the difference. However, you know that if a lender sued you for 50k or whatever obscene amount, you would be unable to pay. You would probably file for bankruptcy and they would never see their money. Therefore, they may accept an offer if they know that it is more than what they would receive if they foreclosed and then sold on their own.

This is your best bet. There are some tax implications with short sales but it is better than being foreclosed and sued for a much much much larger amount. Get out of this house and rent something cheap.

Contact your lender immediately!

I hope this helps!

Freddie Said:

Who knows a good mortgage lender who will work with a couple with one good and one poor credit score?

We Answered:

Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

http://loan-house.we.bs/homeloans.html

Melinda Said:

Are there mortgage companies that lend with poor credit?

We Answered:

Not likely, unless you have a very large downpayment, and a record of good, steady income, and even then it would depend on the reasons for your poor credit, and the nature of your credit history

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