I would like to know wether I am eliglble for a no deposit home loan with credit default?

I would like to know wether I am eliglble for a no deposit home loan with credit default? If so I would like to know what the interest rates would be for the home loan. The property that I am looking to purchase is at around $150, 000 and I work full time. I would appreciate if someone can reccomend me a lender who deals with no deposit home loans for people who have credit defaults

Responses:

Sorry Oscar, that boat has left the pier. do not you listen to the news? It's called sub=prime mortgage the type of loan you are looking for and everyone has had thier belly full of thoses. Even people with GOOD credit can not get a mortgage in many places of the US because there ain't no more money to lend. Ain't you heard? all the money people are tapped out, overextended, swamped, duped by more deadbeats then they care to admit to. Might want to get yourself a discarded large appliance cardboard box to tied you over about another 30 years until this sredit issue is resolved
if you got bad credit rating, chances are your screwed, until the reporting time runs out. usually 5 years - 10 years, depending. WATCH CHARLES LUGGARD posted about 6 down from here. He sounds like a thieving mongrel. "yahoo" email NOT LEGITAMATE
If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut - throat compe ion amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child?s tuition fees. Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates. loan - house. blogspot.com /

Tags: laid, apply, problems, watch, cardboard

Follow this dicussion..

Related Images:

Knowledge Base

I have heard about Variable rate home loans. But why do people choose that loan over a fixed rate loan?

could there be a baloon payment with that type of home loan?. because they often start out less than fixed rate and it's a somewhat tricky way to fool people into taking a bigger loan than they can afford. there could be a balloon, but not necessarily. that's just another (home mortgage loan)

Is it easier to get a home loan with bad credit if you have 20% to put down?

i own a home now, but want to move. my credit has gotten bad since my last home loan. i would have at least 20% to put down on a new loan, do you think i could find someone who would finance me? the credit problems i have now are (bad credit home loan)

Is it possible to get a home loan with bad credit?

my credit score is around 530 and my husbands is around 630. i have charge offs from 2005 that will be on my credit report until 2012 we both have good jobs and bring home around 7000 together each month. we also have around 30, 000 saved up for a (home loan rate)

Related Images:

Knowledge Base: Home Loan

Does anyone know any reputable bad credit home loan dealers?

my partner and i both have bad credit. we want to know if there are any reputable bad credit home loan dealers out there that will help us get a home loan with little to no deposit required. we are both employed full time but our finances are being eaten (home loan refinance)

It is a buyer's market - I understand that. Home equity loans, how do they work?

if i purchase a home for $300, 000, but it is appraised for $350, 000, will i have automatic built - in equity that i can use to consolidate $12, 000 in school loans and credit card debt? or, will i still have to pay down some of the p&i (home loan rate)

Home loan bad credit How to get it?

can any one help me out in getting home loan with bad credit. thanks in advance. recenlty my friend got home loan of 500000$ for 25 years on 1. 5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he (home loan)

What Credit score do I need to get approved for a home loan refinance?

i am hoping to refinance my home loan to a lower rate. i understand that applying for a new loan is a "hard inquiry" that will lower my credit score, so i do not want to apply unless i am reasonably sure of being approved. what score range would i (home loan credit)

What would happen to your home mortgage loan in this case?

say if me and a co - buyer buy a home together both first - time home buyers, and get a conventional loan from a bank. if later, one of us wants to take our name down the le, would that be allowed? would the bank re - acess the (home mortgage loan)

Related Images:

Knowledge Base: Home Loan Credit

Is there such thing as a TRUE Bad Credit Home Loan?

i do not have perfect credit, neither does my husband but we are diligently paying off our bills one by one. i have been looking into loans for people with bad credit and of course they are all over the place promising a future for our family. then i fillout (home loan credit)

can you get a home loan with bad credit with a co - borrower with good credit?

i am looking to get a home loan. my credit is pretty bad filed bankruptcy about 3. 5 yrs ago. my income to debt ratio is pretty good though. i also am going to have a co - borrower that has perfect credit. what companies would you recomend that would (home loan credit)

Can I even get a home equity loan wiith a credit score of 630?

i am looking to consolidate / pay off my bills with a home equity loan but i only have a credit score of 630! i am afraid that the credit inquiries will lower my score more if i am denied. should i even bother trying to get one? i do (home loan credit)

Is it possible to get a home loan with bad credit?

I would like to know wether I am eliglble for a no deposit home loan with credit default?

i would like to know wether i am eliglble for a no deposit home loan with credit default? if so i would like to know what the interest rates would be for the home loan. the property that i am looking to purchase is at around $150, 000 and i (home loan credit)