we both have a bad credit rating de to previous partners of which we cannot prove, we are wanting to buy our own home and were wondering if we’d be able to get a mortgage with anyone?? i have however gt a great rent account from my local council. we are too scared to ask about a mortgage as for sheer embarasment really. we have found a house we’d really love 2 buy but is there any opint in asking about the mortgage for it? id love some info from anyone thanks in advance.
rainwater, are you saying go through someone who isnt selling the house? or go through the people tht are selling it ie the estate agent. we have proven income and also income tht cannot be proven. the house is nly £90,000 which is quite low for where we live. i havent got alot of readily available mone for deposit this is why i feel i am stuck, with 5 kids who would have thousands sitting in the bank for a deposit??

we are married in missouri and want apply for a mortgage loan but i have bad credit mostly medical but can my husband with great credit apply alone without me. would my credit do anything to his approval such as intrest rates even if I’m not applying. we have no joint accounts nothing what so ever. I do not work I saty at home and care for our daughter. please help. i have searched and have found nothing, best answer get 10 points.

I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years).

I’m kind of inexperienced with financial math. I need to use this for a math project though, so any help would be appreciated.

Home mortgage calculator

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A bad credit mortgage gives borrowers with a poor credit history the opportunity to not only buy a home or refinance their current mortgage but the best opportunity to raise their credit rating over time. In most instances, whenever you apply for any type of financial product like a mortgage, the lending institution will pull your credit report.

In a nutshell, your credit rating is a compilation of your history of how timely you’ve paid your bills. Anytime money may be lent it’s used because it’s the best way for a lender to determine the risk involved for a particular borrower.

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We are all well aware that the future is always unpredictable. You never know when you would need money in the future for any emergency that may require spending of money. You should be prepared to meet such unforeseen circumstances with your hard earned savings or by borrowing from financial institutions. But what can you do when you have already taken some loans and are still overdue? This simply means you have bad credit in the eyes of lenders and with such reputation, you would find it impossible to obtain any kind of financial loan or assistance from the financial institutions in times of need. Now, what options do you have to improve your credit rating?

Suppose you own a house but have bad credit reputation, then it would be very difficult for you to obtain any type of financing. Car companies will charge you very stiff interest rate, card companies would refuse and even grocery stores would decline to offer you any credit. Such refusal would be very annoying and to overcome such frustrations, you have the option of bad credit mortgage refinance loan to improve your credit rating.

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I just applied for a mortgage pre-approval with a mortgage company, and the guy said he’d call me in a few minutes. It’s been an hour and a half since I called & he hasn’t called me. Does this mean I wasn’t approved? My
husband makes 50 thousand a year & has been in the same line of work for 12 years. We have no major debt, and we both have good credit. I only want a starter home for about 100,000 I figure we should be able to get a loan. With all the home forclosures & the bad economy lately, is it harder to get a mortgage? I live in Michigan which is one of the worst states for forclosures & bad economy.

Usually, when one avails of refinancing, they want lower interest rates, but this may not always be the case with a bad credit mortgage refinance loan. When you have bad credit it means that you haven’t been paying your debts as diligently as you ought to, which means that you also have a low credit or FICO score. Because of this, banks and other lending firm will be less willing to give you the refinancing loan that you want to lower interest rates and lessen payment periods.

The good news, however, is that all is not lost. Many lending firms have special programs that will reconsider offering poor debtors with refinancing options. These bad credit mortgage refinance loans will not offer the lowest interest rate and the best repayment terms, however, they will help ease the burden of high monthly payments or, if you’re lucky, give you a better value than your previous mortgage if your credit has somewhat improved from when you got your first loan, but only if you are lucky.

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ok I have been working with a temp service continuous for 6 months. at the same place. I make $21/hour. I have never really kept a job for a long time but I have a new baby on the way so I had to get my life together..

Ok back on track.. I make $21/hour credit score was 500 now 530 so its getting better. The only bad debt I have on my credit reports are verizon wirelss collections, and qwest collections total about $600. I do not have credit cards although I was thinking of getting a $1000 secured card to help and keep it under $200. Ok and I want to buy a house in Arizona that cost $60,000 and I have $20,000 in cash saved up for a home.

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I’m sure the answer will be no, but there must be some lenders that will throw caution to the wind and just lend anyway??? I know I can keep up with repayments. Plus my partner is in a steady job too.