 | How can you get a mortgage loan with bad credit??? |
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Question: How can you get a mortgage loan with bad credit?I have been trying for several month to get a loan for a new home, but I have had no success at all. Everybody that I contact or apply with give me the same answer all the time, which is " Sorry we can't help you at this time due to your poor credit rating. If no one will give you a chance then how can you fix your credit situation? I have been employed for the past five years with the same company. I don't make a whole lot a year. I make about $40,000 a year. I think I can afford a new mortgage. I would like for my children to grow up in a better situation than I did. I admit I have made some mistakes financially, but are those mistakes going to haunt me forever? I just want a chance to live the American dream of home ownership. Please don't mention credit repair, I have tried those companies and my credit sitiuation is was worse after I finished the repair program. If you do not have positive input please don't respond to this question. Rip-off artist need not respond.
Answer: -I can tell you this, it is still really easy to get a mortgage, even with bad credit.If you can't find someone to give you a loan, that means you are way too risky for a lender. That should tell you that it is not the time to be thinking about buying a home. You should continue renting, saving a down payment, and improving your credit score by paying off debt and paying bills on time. Your past mistakes will hurt you for up to 7 years. -My husband and I had the same problem only we had little credit. We did a land contract for our first home. The owner held the title and we paid them for the place monthly as well as all the taxes. Make sure to get rcipts for everything you pay for though and have a good contract made up. -I make about the same as you and my credit is sucky also and i was just approved for a mortgage. If you are in IL or WI, the lady finances in both states. If you are, edit your question stating so and i can send you her info. -One of the fastest ways to get cash with bad credit, and little hassle, would be with a payday loan. Yes they have terrible interest rates but they are taking a risk. This site offers more details about the payday loans as well as various sites offering the loans, many without even a credit check. Do your homework. -All types of loans are available for students,employees and retired persons.Worldwide banks are ready to provide the loans for all.See the website below and apply your required throe on line.
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