If You Have Poor Credit, But 50% Down What Mortgage Company Will Finance You?
Question by Keep R | Posted in Renting & Real Estate
I skilled in someone that wants to buy a house for 80K. They have 40K for downpayment. What mortgage company would finance the rest of the 40K? The value of the diet is 200K.
Answer: Try a regional credit union or a honest mortgage broker. If the house appraises at 200K as you say and if the client is willing to put 50% of the purchase price on the line, he should be competent to find a lender. I don't recommend lenders found on the
Will A Mortgage Company Finance A Loan Under 5k ?
Question by palma | Posted in Renting & Real Estate
A boyfriend of mine wants to mortgage a second home under 5k.
She dosent want to get in over her headmaster in payments and the house is worth 70k.
Would a company make a loan at such a short amount?
Thanks for any help and 10 points
Answer: Most consistent lenders won't touch under 50k, but some will at a higher interest rate. There is benificial, but I surely hate those guys.
There are often private money lenders who will do smaller notes but you won't get the contemporary
Is It Possible To Get The Mortgage Company To Finance The Remaining Balance Of The Sale Price?
Question by SHALO | Posted in Renting & Real Estate
I would like to identify if I sell my house for less than I owe ,would my mortgage company accept that I payoff the remaining control over the years,without hurting my credit?
I have 80/20 mortgage.
Thanks
How Do I Get A Mortgage Company To Finance Me After I Filled Ch. 13.?
Question by MIRACLE GIRL | Posted in Personal Finance
We have asked a three of companys and no one wants to help us. We filled in 2001 and it was discharged in 2003. We have a cream credit score. How can we start over if no one will give us a chance?
Answer: I am also a mortgage whizz, (Mortgage loan officer) and we definitely have loan programs that will usurp get a mortgage loan the day after BK discharge. You WILL, most definitely, have to have re-established credit @ a subdivision store that carries their
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