Question by Teresa V: does anybody know of any mortgage companies that deal with people with bad credit scores?
My boyfriend and I are wanting to buy a house…. We know of one that is pretty cheap, only 23,900 and its big and nice. I havent applied at any companies yet incase that will lower the scores even more. Im trying to fix our credit now… but that house might be gone by then. Our credit scores are based on one repo and the rest are mainly collection accounts. He makes good money. Nearly 70000. Please give helpful advice… but mainly give us the name of a bank/mortgage company that can help us. thanks!
Some people dont know the facts are are rude and should keep those things to themselves. I dont work and he just got this raise.. before we were struggling because he didnt know how to manage his money. I got him on track. I do sell Partylite. Thanks to others for their positive comments

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Article by Mike Burridge

Did you know that the bad credit remortgages market was highly competitive? Or that bad credit remortgages don’t charge the massive interest rates you think they might? Or that, with the right advice, you could find the ideal bad credit mortgage for your current financial situation?

For many people, a bad credit remortgage is a financial product for those who’ve lost control of their finances. In fact, for many people, it is a lifeline – money made available when other lenders have turned them down. Money made available with affordable terms. Money made available with fair financial advice.

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Article by Peter Rivers

As soon as it comes to buying, a new house one of the most vital bits of information that you require is the amount you can manage to pay for. This can be simply decided with a tool called a mortgage calculator. A mortgage calculator is different from a standard kind of calculator, given that it is embedded with an extraordinarily particular and complex formula that will let you to without difficulty find out the monthly payment of a home, under different conditions. Even as there are other means to find out the monthly payment of a mortgage, they are far more complex than using a mortgage calculator and you may not get as perfect of results.

A mortgage calculator does not work out results by itself, and will require a number of crucial information from you. You will have to enter the amount of your down payment, the interest rate that you anticipate to pay, and the monthly payment you are at ease with, subsequently the mortgage calculator will be able to find out the purchase cost you will be able to pay for. The formula that the mortgage calculator utilizes to find out this amount is exceedingly lengthy and complex; however, the calculator will be able to provide you an answer in just a few seconds rather than working the formula physically by hand.

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I live in Colorado, just starting a new job where I will make a minimum of 68,500 (medical field so I will be able to increase my income to about 75,000 with extra hours). I’d REALLY like to buy a house, but with being a new graduate, I basically have very little for a down payment. I don’t know how much of a housing payment I can afford per month while still saving money, etc. No student loans need to be paid off, the government is doing that for me, and I have minor other monthly payments, no children, and I am single…

My question is, are there any downsides to an FHA loan?? Can someone give me a straight answer about how much of a mortgage I can afford, instead of these generic online calculators?? DON’T REPLY WITH GENERIC ADVICE THAT I HAVE ALREADY FOUND ONLINE. I would like to hear someone’s personal experience. Being a first time buyer, I don’t want to live beyond my means and become another casualty of the housing market…Thanks!

i have a credit score of 570 and have no money to put down any help to someone who might knw how to help me get this loan to purchase my home????

I had cancer a few years ago and spent 2 years fighting to get SS Disability. Things are better financially now but my credit has some delinquent medical bills on it and my score is in the low 500′s. I am working on improving my credit and will continue to do so. We would like to buy a home and understand the importance of a good credit score. Does anyone have any ideas on a lender that could possibly help us. Thank you so much!!

For many people there comes a time when it makes sense to refinance their home mortgage. There can be any number of reasons to do this but for most people the primary goal is to lower their interest rate and their monthly payment. Everybody’s situation is different so the reasons for doing a refinance can vary from person to person.

When you do a home mortgage loan refinance you are basically taking out a new loan and using it to pay off an existing loan. You of course do not want to refinance if your new loan will cost your more in interest and monthly payments so it pays to research any new loan carefully.

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So you’ve gotten a little behind on your credit card payments. Ok, you’ve been late on your car a few times too. And, there are some other issues on your credit that makes it less than perfect. No matter if you’ve lost your job, had medical problems, or any other reason, you’re credit score doesn’t care. But, just because your score is a little lower than most peoples, don’t worry. There is always a lender out there who is willing to help you find a mortgage so you can own your own home.

Don’t fret if you have been turned down by traditional lenders for a home loan. All you need to do is to search a little more for a lender who specializes in mortgages for people who have less than perfect credit. One easy way to do this is on the Internet. Just make sure that you put ‘imperfect credit’ in the search box and you will come up with thousands of companies who are just waiting to offer you that mortgage for a home of your own.

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I would like to know if there is a way of getting a loan if you have less than perfect credit. In this day in time, we are all experiencing problems with the sub-prime mortgage rates, and I would like to know if that is possible.

If you are in a very tight financial situation, a bad credit home mortgage refinance can be a good option. However, this option should be considered carefully.  Here are some major pitfalls that you need to consider before you apply for a bed credit refinancing.  

Using Bad Credit Home Refinance for Other Purposes

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