Search results for: Bad Credit Mortgages

Total: 7 articles
RSS

Buying a home with bad credit.

Apply for a Mortgage EVEN with Bad Credit! A big MYTH consumers have believed in the lending industry is that you need excellent credit to obtain 100% financing. It is not true. Even with below average credit you can still qualify for 100% financing. You can find mortgage lenders who will offer you a loan even if your credit score is...
askmrmortgages

Conventional vs. Sub-prime lending, where do you fall?

Every consumer that is in the market for a home loan whether for a refinance or purchase has been directed to two types of lenders classified as 'conventional' or 'sub-prime.' They are also known as conforming and non-conforming lenders. However the majority of consumers do not know exactly what the differences between the two are. Well...
askmrmortgages

Bad Credit: refinance or equity loan on your house?

Bad credit is an issue which many people face these days. There are many ways in which an individual's credit can run away from them. Bad credit can be an even more readily apparent problem when a homeowner is looking to refinance their current mortgage or obtain an equity loan in order to acquire some extra funds. Many individuals who...
askmrmortgages

does a second mortgage affect your credit?

Individuals these days are able to obtain a wide array of mortgages on their homes. Some homeowners not only have one mortgage on their house but a second mortgage as well. Borrowers take out second mortgages on their home in certain instances when they need to acquire money for one reason or another. Prior to obtaining a second mortgage,...
askmrmortgages

get a mortgage loan with a credit score below 500

For those individuals who are looking to obtain a mortgage loan yet do not have perfect credit or even close to perfect credit, there is help available to enable those individuals to acquire a mortgage on their home. There are certain mortgage companies and lenders who aid individuals with poor credit to obtain mortgages, such as bad credit...
askmrmortgages

what to look for in a bad credit mortgage lender

Mortgage lenders come in a variety of types and one can most likely find a mortgage lender which fits their needs perfectly. One type of specialty mortgage lender that is available to individual homeowners is the bad credit mortgage lender. This type of mortgage lender caters to those individuals who may not be able to obtain a regular...
askmrmortgages

Is it a good idea to consolidate your debt?

As per an ACNielsen survey, U.S. has the biggest spenders in the world, beating out about 40 countries. Most of this money is spent on credit card. Another survey shows that an average American has about $8400 on credit card debt which practice high interest rates, reduced grace periods and high annual fees. Loans for Debt...
askmrmortgages