Neded a mortgage but have got a fairly poor credit rating and just a small amount of cash for a deposit.but do have a well paid full time job!but do you know of anyone that can help me?How do you get a mortgage with bad credit an a small amount for a deposit?
i am in the mortgage industry... and there is NO subprime market left.... its A paper.... your only hope is fanny mae, FHA, jenny mae or freddy macHow do you get a mortgage with bad credit an a small amount for a deposit?
have you noticed that for the last year there have been 1,000's of news stories about the mortgage crisis? you cannot get a mortgage.
If you have a well paid full time job then buy your house with CASH.
It sounds like you would benefit from a FHA loan, they will go as low as 500 mid credit score and you will only need about 2.25 percent equity or cash down to do the loan. It wouldn't hurt to look at something like that.
hmm have you tried Nhbs, inc?
I got assistance from them ^__^
There is a myth out there that goes something like ';It's always best to own your own home';- well for all the people out there right now getting foreclosed on because they had bad credit and little to no deposit and couldn't qualify for a standard 30-year fixed conventional loan - they would tell you it wasn't the best thing that happened to them.
You can try FHA if you are a first time home buyer - other than that - get your bills caught up, then paid off. Save up 20% down payment and then go into the mortgage broker. The sub-prime (low credit score) loan market is all but dead right now.
Hi,
Get in Contact with CTAB near Spalding /Lincs
The person you want to speak to is Leslie
Good Luck
Gerry
You gotta build your credit up, small deposit is no problem, but you need credit
hi there are many mortgage lenders all with different criteria, so it is very possible you could get a mortgage. I work for an independant mortgage broker so if you would like some more info please email me on quotes@mukconnections.co.uk
and we can go from there
We did it. What you need is to show at least six months of bank statements showing good deposits. If you go through a money broker check out one that is focused on getting you the money. Tell us if you are in the USA. You may need to correct your credit and you can do this by putting in a request the credit reporters to
contest bad credit. If someone put in a bad report you need to fix it by contesting it. In 30 days it is gone.
Put all your money in the bank from your pay and then take it out
You need to inflate the account statements.
Wait a few years to purchase a house, fix your credit.
Getting even 1-2% smaller interest rate will save you TENS of thousands of $s in the long haul.
yes but your score needs to be a 620....with mycommunity
it's zero down
with fha you will need a 2.25% down payment.
i would try to get the seller to pay your closing costs as well
THE MAFIA
Wednesday, November 23, 2011
Relocating and need advice on moving to Puyallup, Gig Harbor. Any bank mortgage referrals?
I am relocating to the Pierce County area and or outskirts for a job promotion and looking to move to Gig Harbor or Puyallup because mostly I have heard the schools are pretty good. I would like some pro鈥檚 and cons about best places to live and why.
Also, if anyone recommends an honest realtor, bank to get a good loan, especially with the economy the way it is I would really appreciate it. Thanks!
Relocating and need advice on moving to Puyallup, Gig Harbor. Any bank mortgage referrals?
are you in washington state? if so, washington mutual is giving away money right now.Relocating and need advice on moving to Puyallup, Gig Harbor. Any bank mortgage referrals?
Best bet, go to a national mortgage lender i.e., Wells Fargo, MetLife Home Loan, no, I don't work for either one, I did not want to sound self serving.
Also, if anyone recommends an honest realtor, bank to get a good loan, especially with the economy the way it is I would really appreciate it. Thanks!
Relocating and need advice on moving to Puyallup, Gig Harbor. Any bank mortgage referrals?
are you in washington state? if so, washington mutual is giving away money right now.Relocating and need advice on moving to Puyallup, Gig Harbor. Any bank mortgage referrals?
Best bet, go to a national mortgage lender i.e., Wells Fargo, MetLife Home Loan, no, I don't work for either one, I did not want to sound self serving.
How do I get my mortgage from adjustable to fixed, especiaa\lly when I'm having a hard time paying current .?
I'm currently having a hard time paying current mortgage and my credit score has gone down since I bought my house.How do I get my mortgage from adjustable to fixed, especiaa\lly when I'm having a hard time paying current .?
Wah, take a number.How do I get my mortgage from adjustable to fixed, especiaa\lly when I'm having a hard time paying current .?
TALK to your lender and find out what your options are. Ask about loan modification and refinancing, and talk to more than one person there. The fact that you are having a difficult time paying current mortgage and that your credit score has declined since buying are Strong Negative factors making it more difficult for you to work something out. Check out these websites, and beware of the many scammers out there, these are legitmate. There is the new government program, too. But if YOU aren't willing to make good financial decisions, no one can save you from yourself.
www.hud.gov
www.homefreeusa.org
call up your mortgage company and tell them you are having a hard time paying your mortgage and they will see if you are qualified for a rate modification and that should help your payments to go down so you can manage. i did that and it works out for me.
call your bank. Tell them your problem. If they aren't receptive hang up and dial them again until you get someone who can help you.
Other than that, sometimes they wait for you to go into default before they will help you by fixing your mortgage rate.
If your bank won't convert the mortgage to fixed rate. ( B of A did convert two of mine ), then you will have to refinance the loan with a new mortgage company.
Good Luck
You can get help from the Federal Housing Administration or FHA. They can switch your mortgage to a fixed-rate term. You can visit their website http://fha.gov or check out http://mortgages-for-everyone.com
Try getting an FHA Secure loan.
you have to get a new mortgage.../mask work lip blush
Wah, take a number.How do I get my mortgage from adjustable to fixed, especiaa\lly when I'm having a hard time paying current .?
TALK to your lender and find out what your options are. Ask about loan modification and refinancing, and talk to more than one person there. The fact that you are having a difficult time paying current mortgage and that your credit score has declined since buying are Strong Negative factors making it more difficult for you to work something out. Check out these websites, and beware of the many scammers out there, these are legitmate. There is the new government program, too. But if YOU aren't willing to make good financial decisions, no one can save you from yourself.
www.hud.gov
www.homefreeusa.org
call up your mortgage company and tell them you are having a hard time paying your mortgage and they will see if you are qualified for a rate modification and that should help your payments to go down so you can manage. i did that and it works out for me.
call your bank. Tell them your problem. If they aren't receptive hang up and dial them again until you get someone who can help you.
Other than that, sometimes they wait for you to go into default before they will help you by fixing your mortgage rate.
If your bank won't convert the mortgage to fixed rate. ( B of A did convert two of mine ), then you will have to refinance the loan with a new mortgage company.
Good Luck
You can get help from the Federal Housing Administration or FHA. They can switch your mortgage to a fixed-rate term. You can visit their website http://fha.gov or check out http://mortgages-for-everyone.com
Try getting an FHA Secure loan.
you have to get a new mortgage.../
My friend signed a second mortgage for buying presents?
Would you take out a second mortgage because you didn't have enough money to buy everyone a gift?My friend signed a second mortgage for buying presents?
No, but your friend must be a very loving person. There were probably other reasons that you may not know about. The mortage rates are at an all time low right now, so the best time to do it would be now; maybe that is the other reason. He/she also probably got a lower monthly payment which will help.
Either way, your friend made the choice. Just continue to be a friend. I sold my Yahama Clavinova (piano) one year so I could have enough money to see my family. I never regretted it. We do what we have to do.My friend signed a second mortgage for buying presents?
No. I know it sounds a cliche', but Christmas really is not about the presents. Perhaps she should arrange a nice dinner and family get-together instead. Speaking from experience, Christmas can be just as enjoyable and cherishable without gifts being given.
That is insane, there is no reason to go further into debt for christmas, if she can't afford presents, then she should just do one of two things: first buy cheaper presents, or second, just cut back on the number of gifts that she gives people.
NO WAY !
People get too hung up on gifts. I find the best gives to give and receive are the small personal home made crafts or home baked goods.
No. That's crazy. She shoudn't spend that much money on presents!
Its not your money. Maybe you wouldn't do it, but she obviously has different priorities. Let her do whats important to her.
under certain circumstances..and it depends will he have the money to pay off his loan later possilbly after christmas..and how much did he take the loan out for...
No way. That's big stoopid.
If you don't have a lot of money, then make presents. Cookies or something.
unless the second one was longer, allowed you to finance for longer, or make lower payments then it probably would not help much...and in most cases payments are made on a monthly basis...so...
No, but your friend must be a very loving person. There were probably other reasons that you may not know about. The mortage rates are at an all time low right now, so the best time to do it would be now; maybe that is the other reason. He/she also probably got a lower monthly payment which will help.
Either way, your friend made the choice. Just continue to be a friend. I sold my Yahama Clavinova (piano) one year so I could have enough money to see my family. I never regretted it. We do what we have to do.My friend signed a second mortgage for buying presents?
No. I know it sounds a cliche', but Christmas really is not about the presents. Perhaps she should arrange a nice dinner and family get-together instead. Speaking from experience, Christmas can be just as enjoyable and cherishable without gifts being given.
That is insane, there is no reason to go further into debt for christmas, if she can't afford presents, then she should just do one of two things: first buy cheaper presents, or second, just cut back on the number of gifts that she gives people.
NO WAY !
People get too hung up on gifts. I find the best gives to give and receive are the small personal home made crafts or home baked goods.
No. That's crazy. She shoudn't spend that much money on presents!
Its not your money. Maybe you wouldn't do it, but she obviously has different priorities. Let her do whats important to her.
under certain circumstances..and it depends will he have the money to pay off his loan later possilbly after christmas..and how much did he take the loan out for...
No way. That's big stoopid.
If you don't have a lot of money, then make presents. Cookies or something.
unless the second one was longer, allowed you to finance for longer, or make lower payments then it probably would not help much...and in most cases payments are made on a monthly basis...so...
What are we going to do if the borrower of the house mortgage will default?
my husband is a co-signer of his family's house mortgage, his father is the co-borrower and his mom is the borrower.now his mom and dad are planning to separate and his mom decides to leave the house.what options do we have? i wanted to find another house, but my husband wanted to assume the house...please give me the best option...What are we going to do if the borrower of the house mortgage will default?
It really depends on how the deed to the house was written, and whether or not any one of you can afford to live there. Most likely, the deed is in both parents names, so when mom and dad divorce, the house will be sold (or one person will buy the other one out) and any excess money is split between the two. If neither can buy the other out, it is sold and any excess money is split between the two.
If you think you and your husband can afford the house on your own, and would want to live there, the best thing to do is to buy it from your parents, get a mortgage in just your names, and at least you won't lose lots of money to lawyers and realtors.
If you don't want the house, or can't afford it, or if there is lots of fighting going on between mom and dad and you can't reach an agreement, then time to call in the lawyers.What are we going to do if the borrower of the house mortgage will default?
Yes I would find a lawyer and fast. This is exactly why cosigning a loan is a bad idea. You get all of the bad parts of borrowing money without actually owning anything. All you own is the right to be responsible if the loan goes into default.
During the divorce process, your husband needs to be sure that the house gets refinanced or sold at a high enough price to pay off the mortgage. Otherwise, you two need to step up and make sure that the loan does not go into default. However, just don't assume the payments. Make sure you actually buy the house. Otherwise the mother and father will still be the legal owners.
The best option is the one that you can afford. If the mother leaves without paying the mortgage, your husband and his father may be able to sue her, but is that likely to happen? If you don't feel as though you can afford the extra expense, the best option is to sell the house, or at least rent it out (if you can). But family is involved here so it's not so easy. Good luck.
The best option you have is to consult with a real estate lawyer and let him go over the mortgage contract and titles deeds, etc. and go from there.
This is complicated and there are so many unknown factors in this that you should not consult with total strangers that have no idea of the exact details of this deal.
It's time to hire an attorney!
It really depends on how the deed to the house was written, and whether or not any one of you can afford to live there. Most likely, the deed is in both parents names, so when mom and dad divorce, the house will be sold (or one person will buy the other one out) and any excess money is split between the two. If neither can buy the other out, it is sold and any excess money is split between the two.
If you think you and your husband can afford the house on your own, and would want to live there, the best thing to do is to buy it from your parents, get a mortgage in just your names, and at least you won't lose lots of money to lawyers and realtors.
If you don't want the house, or can't afford it, or if there is lots of fighting going on between mom and dad and you can't reach an agreement, then time to call in the lawyers.What are we going to do if the borrower of the house mortgage will default?
Yes I would find a lawyer and fast. This is exactly why cosigning a loan is a bad idea. You get all of the bad parts of borrowing money without actually owning anything. All you own is the right to be responsible if the loan goes into default.
During the divorce process, your husband needs to be sure that the house gets refinanced or sold at a high enough price to pay off the mortgage. Otherwise, you two need to step up and make sure that the loan does not go into default. However, just don't assume the payments. Make sure you actually buy the house. Otherwise the mother and father will still be the legal owners.
The best option is the one that you can afford. If the mother leaves without paying the mortgage, your husband and his father may be able to sue her, but is that likely to happen? If you don't feel as though you can afford the extra expense, the best option is to sell the house, or at least rent it out (if you can). But family is involved here so it's not so easy. Good luck.
The best option you have is to consult with a real estate lawyer and let him go over the mortgage contract and titles deeds, etc. and go from there.
This is complicated and there are so many unknown factors in this that you should not consult with total strangers that have no idea of the exact details of this deal.
It's time to hire an attorney!
Do mortgages cause wars?
Being as they are an extension of the blood oath culture of Northern Europe, its most modern expression.Do mortgages cause wars?
Mortgages cause wars when they are turn into investment bonds by investment bankers and sold and swaps again and again for profits or to cover losses.Finally mortgages are turn to ashes when their borrowers cannot pay their repayments and their houses had to be foreclosedDo mortgages cause wars?
Normally mortgages will always cause wars. They can be long or short and various weapons may be deployeed at any time day or night causing untold damage and distruction. They seem to be safe and secure on the surface but don't let this fool you. These wars can be set off with little to no evidence of wrong doing and hold the ultimante power of family distruction. They are normally set off by lip stick, cell phone bills, credit card reciepts and working late. Use extreme caution in holding one of these with two names on it as it is by far the most dangerous!!!
I doubt you will find many people outside the finance industry who remember the origins of the mortgage; or anyone inside the finance industry who would believe there is still any connection.
Not in the United States.
Mortgages cause wars when they are turn into investment bonds by investment bankers and sold and swaps again and again for profits or to cover losses.Finally mortgages are turn to ashes when their borrowers cannot pay their repayments and their houses had to be foreclosedDo mortgages cause wars?
Normally mortgages will always cause wars. They can be long or short and various weapons may be deployeed at any time day or night causing untold damage and distruction. They seem to be safe and secure on the surface but don't let this fool you. These wars can be set off with little to no evidence of wrong doing and hold the ultimante power of family distruction. They are normally set off by lip stick, cell phone bills, credit card reciepts and working late. Use extreme caution in holding one of these with two names on it as it is by far the most dangerous!!!
I doubt you will find many people outside the finance industry who remember the origins of the mortgage; or anyone inside the finance industry who would believe there is still any connection.
Not in the United States.
Can a bank call my mortgage due for no reason?
Are most mortgages callable or non-callable. I heard after the depression there is a loaw that say mortgage are not callable unless certain parameters are broken.Can a bank call my mortgage due for no reason?
Most mortgages are not call loans.
To see why, imagine the situation that is going to emerge as interest rates continue to rise with so many ultra-low-interest fixed-rate loans outstanding (many as low as 5.25%).
If mortgages were callable without cause, banks would be foolish _not_ to call them under those circumstances - they could be getting more money by effectively forcing mortgage holders to refinance at new, higher rates.
Most mortgages are not call loans.
To see why, imagine the situation that is going to emerge as interest rates continue to rise with so many ultra-low-interest fixed-rate loans outstanding (many as low as 5.25%).
If mortgages were callable without cause, banks would be foolish _not_ to call them under those circumstances - they could be getting more money by effectively forcing mortgage holders to refinance at new, higher rates.
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