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 Steve Hill

The amount of people with bad credit in the UK is increasing! The Bank of England base rate is continuously increasing and showing no signs of stopping, which has the affect of many people not being able to meet their monthly mortgage payments and therefore going into arrears on their mortgage, having arrears on your mortgage causes your credit rating to worsen.The amount of debt in the UK is also at an all time high, and the amount of debt coupled with peoples ever growing mortgages due to the influx in the housing market mean that more and more people are missing payments, having defaults, CCJs etc and therefore obtaining a bad credit history.People who have a bad credit history may find it hard obtaining a mortgage as a lot of the banks and high street lenders will not offer people who have adverse credit the facility to borrow money in order to purchase or remortgage their property.So, can people who have bad credit history still obtain a mortgage?Then answer is yes they can!Although having bad credit means that you will not be eligible for a

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Question by OTR_2000: Co-op board approval for 2 people, one with great credit and mine is bad?
Hello,
My Fiancee and I are in contract for a co-op in Nassau County, NY.
The co-op cost is only 95,000 and she is 100% approved for a mortgage.
Her credit is 800 across the board.
The problem is my credit is bad (judgement on my report) and a score in the mid 600′s.
They wanted my name as a co occupant even tho I have nothing to do with the mortgage.
It is possible we could even get a co-signer to make sure we could pay the maintenance which I am sure we could pay anyway.
Is there any possible way we could pass this board to get this co-op?
The reason I am asking is because the real estate agent told us to do it this way.
I am going to take on some of the financial responsibility.
The agent and the lawyer said it would just be better to have everything in her name because of her good credit.
The co-signer would be her mother.
Dari please stop with the private messages

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I am looking to buy my first home. My goal is to get to a 620 credit score but I know this will take quite some time. I was wondering if there are banks out there that give you loans to buy a home if you have bad credit or if there are programs out there that help you fix your credit to get into your first home? My best credit score of the three credit agencies is 550. The worst is 490. Please help!

Almost every person needs a home loan sooner or later. If your incoming is reasonable and regular and your credit score is good enough, availing of a home loan is in fact simple. Though, for individuals with bad credit obtaining home loans is not so effortless. Evidently, banks are assuming a higher risk by offering home mortgage loans to people with bad credit. That is why they will perhaps be more cautious when supplying you with a loan. Nonetheless, there are loads of alternatives out there for individuals suffering from bad credit.

Bad credit home loans are usually available for individuals with credit scores below 620. If your credit score is over 620, you almost certainly don’t need to be looking for a home loan for people with bad credit. But, if you have a credit score above 620 and at the same time you are delayed on payments on a current mortgage loan, then you definitively need to get a loan like this.

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There are many home loan programs for homebuyers that have less than perfect credit or even no credit at all. Many first time home buyers are unaware of the different options available for them and think that a down payment is always required and that bad credit makes it impossible to obtain a home loan. But the truth is that there are many lenders willing to approve home loans without down payments even for people with bad credit or no credit history.

Things To Watch Closely

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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!!

There is an HUD home for around $30000, my husband an i are thinking about purchasing, we’d need a mortgage for around $50000. We don’t have good credit, can a VA loan help with that? Any other suggestions?
Just to clarify, the house is valued at $78000, but has been on the market for 2 years, which is why the broker has lowered the price to 30000.

You might be surprised to learn that home loans for people with bad credit are not as hard to get as some people would have you believe. Follow these 5 tips to getting a home loan with bad credit.

Find A Good Deal

Finding a good deal on real estate can be challenging, but it can also be very rewarding. Those of you with bad credit could benefit significantly if you find a good real estate deal to pursue. When you buy a house at a cheap price and you’re getting equity in the property immediately the loan officer sees your bad credit home loan as a partially secured loan. If you want to find out more about how this type of transaction can help you get a mortgage with bad credit talk to your mortgage broker.

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