Is it Possible to Get a Mortgage with Bad Credit?

by Troy Cruz William Engle Dawn Khoury James Nissen Robert Hill Chris Laning Janet Taylor Jack Enders Bruce Gross Rick Bean Keith Wood Ray Johnson ... Barney Bernard Ailleann Alan How good is your credit? If you know your credit score and won’ ... . A good credit score is going to get you a better interest rate, but just because your credit is bad [more...]

Date: 2008-12-16 18:11:06

Blog posts (43) | Videos (87)
 

Bad Credit? Have We Got a Mortage for You...

From Giovanni Diviacchi:My wife and I want to buy a house, but we found that the only mortgage that we were eligible for was a new product called a Late Payment Mortgage.  It's for people with really bad credit.  The bank gives you a lower interest rate if you let them begin foreclosure proceedings at the closing table.***Giovanni Diviacchi is a business analyst and stand-up comedian in  Washington, D.C. [more...]

Date: 2009-06-13 10:00:00

The Fannie/Freddy bailout

It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]

Date: 2008-07-15 01:21:54

Need Help With Money

It’s normal for people to make mistakes when it comes to money, but with the economy being in the state it is in now, ... get access to auto loans, credit cards, mortgages, and student loans.    Keeping your credit rating high ... you may need to correct some of your bad money habits to survive the recession. The most common [more...]

Date: 2009-01-16 01:57:49

Just Tricks…No Treats for Friday’s Rates

Mortgage rates continue to trend upwards like mummies crawling out of their graves.  (Sorry…bad reach. Booooo).  October has been terrible for rates! ... FHA.  Pricing based on credit score of 620 or better and loan amounts up to $362,790 for FHA in King ... all ready be factoring bad news into their brew. Conforming Mortgage Rates (loan amounts up to [more...]

Date: 2008-10-31 19:48:17

Good credit, bad mortgage … now what?

Randy Johnson of Newport Beach, ... my tail off to keep my bills, mortgage, etc, paid on time, and my credit rating is 700. Where ... to hurt my credit, but it seems that foreclosures will be a norm and maybe I can bounce back [more...]

Date: 2008-12-05 22:00:48

The Worldwide Credit Crisis

Recently in the UK Lloyds TSB has merged with the HBOS group which includes the old Halifax building society, BM solutions, IF, TMB ( ... to the satisfaction of everyone. What also will happen to the home owners who have a bad credit mortgage ... a large player in the financial market good deals on mortgages and lower rate loans could be impeded [more...]

Date: 2009-01-02 03:00:28

Concerns Of Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-27 17:36:13

Concerns Of Many Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-28 07:45:51

Progressives Have Come Up With A Bill Worth Backing But Will Rahm Emanuel And His Allies Kill It?

Yesterday Alan Grayson, the Blue America endorsed candidate for the Orlando congressional seat held by pathetic Bush rubber stamp Ric Keller, ... bad choices, then "credit" (mortgages, car loans, business loans, etc.) will disappear ... was created, whenever there was a need to ease credit, the Federal Reserve lowered interest rates and bought [more...]

Date: 2008-10-01 09:30:00

Bail Me Out

Today's linkIt's Not a Weekend It's a LifestyleSaying for the DayAlways borrow money from a pessimist, he doesn't expect to be paid back ... on the mortgage without fail. He let other things slide. He ruined his credit rating. But he protected his house.Now he can’t get a low rate mortgage to replace the one he has because he has a bad [more...]

Date: 2009-01-16 11:00:00

Illinois Mortgage Rates Weekly Update

Welcome to Illinois Mortgage Rates and News week in review for the week ending October 24th, ... rates world wide panic has shifted from worries about the credit crunch to worries ... whatever they have, good, bad or ugly, in order to raise cash (except for treasury bonds, money is rushing [more...]

Date: 2008-10-25 19:17:58

Meet a self-described “bank terrorist”

Revolting (h/t: Moonbattery): Bruce Marks, founder of the leftist Neighborhood Assistance Corp ... “easy lending.” Listen to NACA’s pitch: “Come to NACA, and regardless of how bad your credit ... , while increasing the number of mortgages it restructures by lowering interest rates and extending loan [more...]

Date: 2008-11-20 23:53:27

How to Use 0% Interest Credit Cards

If you're credit is strong enough to garner the attention of credit card companies offering 0% introductory interest rates, then you surely have the discipline Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events [more...]

Date: 2008-12-23 12:45:37

Illinois Mortgage Rates Weekly Update

Welcome to Illinois Mortgage Rates and News week in review for the week ending July 18th, ... , credit is still tight and consumers have no purchasing power. The softness in our economy has spread ... level in the coming months. So why did rates get so bad so quickly this week [more...]

Date: 2008-07-19 17:43:31

Mortgage mods, failing miserably

Mortgage mods, failing miserably! I wrote a blurb about the re-default rate on modified mortgages a few weeks ago. Today there was a better and more detailed account of just how bad the track record ... replaced lower mortgage payments with increased credit card debt? Is it because the mortgages were [more...]

Date: 2008-12-09 01:03:00

Friday’s Rates on Thursday

Huh?  Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... %.   Rates should be doing great with all this bad news, right?  Not so fast!  It seems as though Wall Street [more...]

Date: 2008-07-03 18:00:27

What You Need to Know About Refinancing

by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]

Date: 2008-12-19 19:08:13

What You Need to Know About Refinancing

by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]

Date: 2009-01-06 17:05:01

Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!

by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? ... of the credit crisis. “That’s bad,” Byron King somberly explains. “We already have an aging work force ... to 2009… how to invest amid rife market manipulation If you’ve got money, credit and patience [more...]

Date: 2009-01-08 01:36:29

Illinois Mortgage Rates Weekly Update

Welcome to Illinois Mortgage Rates and News week in review for the week ending September 26th, ... Street down to Main Street, and the fear is that if this isn’t resolved soon, it will cut off credit ... up to $700 billion of tax payer money to buy up the bad debt, it will recapitalize the banks [more...]

Date: 2008-09-27 17:40:18

Mortgage Rates Rising with Inflation

Rates are continuing their climb up upwards.  Helping to fuel this rise in rates, ... rate quote below is based on owner occupied with a minimum credit score of 720, “full doc” purchase ... to trade the safety of bonds (such as mortgage backed securities) for stocks.   Great for stocks = bad [more...]

Date: 2008-06-13 20:59:03

Mission and Recession

by Skye Jethani The financial talking heads are attributing the current economic crisis to a number of things: lack of regulatory oversight, ... rate and over $8000 in credit card debt. As Dave Ramsey says, we are not “acting our wage.” ... bad mortgage lending practices, and globalized market structures. But some of the more plainspoken [more...]

Date: 2008-12-10 17:00:51

Not with a bang but a whimper

This is how you lose liberty. If an FBI agent looks at a terrorist's library records or Larry Flint has to pay additional postage for child ... , this is a very bad idea: Sixteen House Democrats who opposed a similar bill realized ... mortgage interest rates closer to those on, for example, auto loans or credit cards. A bankruptcy [more...]

Date: 2009-01-08 18:55:08

Mortgage Rates following a Dismal Jobs Report

This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]

Date: 2008-11-07 16:48:53

Four Ways To Lower Your Alabama Mortgage Payment

Many homeowners would be able to afford their mortgages if not for a temporary financial hardship or an inopportune interest rate reset ... a more affordable payment, even if they have bad credit or they have recently changed jobs. While using a foreclosure lender is a viable option, in times of a credit crunch and lower property values [more...]

Date: 2008-10-30 13:45:41

Malls are next to face foreclosure

{ December 4, 2008 @ 2:38 pm } · { Economy } { Tags: economics, Economy, finance, malls, mortgage, recession } ... , and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. Hotels in Tucson ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re [more...]

Date: 2008-12-04 18:38:28

2007 Vs 2009

“The 14 Biggest Differences Between Investing NOW & Investing Pre Dec 2007” ... shortfalling properties, low yields and bad credit scores 2) Pre 2007: People were talking about growth ... in this 14) Pre 2007: Mortgage rates would change slowly, incrementally & infrequently. Cred [more...]

Date: 2009-01-16 14:06:40

Meltdown far from over, new mortgage crisis looms

from the Associated Press: Black Friday’s retail shoppers hunting for holiday bargains won’t be enough to stave off what’s likely to become the next ... Ratings Ltd., which evaluates companies’ credit. “We’re probably in the first inning ... . That’s bad news for more than just property owners. When businesses go dark, employees lose jobs [more...]

Date: 2008-11-28 16:17:23

Commercial Mortgage Meltdown Has Just Begun (Update)

According to the AP, there is another mortgage crisis looming ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re ... with Herrick Feinstein in New Jersey. That’s bad news for more than just property owners [more...]

Date: 2008-11-30 04:27:00

Wednesday morning links

TOP STORIES China cuts rates, Fed and others set to follow - Reuters Fed May Cut Rate to 1%, ... the Next Crisis: It’s Credit Cards - NY Times Why the surge in home sales is bad news - MSN Money ... down a third of mortgage applications - Times Online Canada's housing market 'tracking' U.S. boom [more...]

Date: 2008-10-29 13:11:00

With Things So Bad In The Economy…

…why is this happening: You know what I got in the mail yesterday? An offer from my credit card company, for a $50,000 unsecured personal loan. Did you catch that? Unsecured. That amount of money would require me to make the equivalent of another mortgage payment to repay them. That offer came as a result of our credit rating, and we would [more...]

Date: 2008-09-30 15:47:13

On the Road to Home Re-fi

So, we finally decided to start the process of refinancing our home. I thought we'd try our current mortgage company first. First off, let me say that I've had three years of bad customer service from this company ... we got was one of the lower ones for our credit rating. I only did a little research on closing [more...]

Date: 2009-01-06 13:39:00

GA Bad Credit Refinance With FHA

by Brenda Puckett You cannot turn on the news without seeing a new headline trumpeting the meltdown of the mortgage industry ... counties and $271,050 in rural Georgia counties. You may still be able to qualify for an FHA loan. FHA ... had starting rates in the low 5 percent range jumping up 8, 8.5 or 9! Subprime loan rates can be moving even [more...]

Date: 2008-07-20 09:31:03

3rd Wave of Foreclosure Hits The Jobless

People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]

Date: 2008-11-29 06:00:20

Record rate of repos in 2008

Filed under: Etc. The mortgage meltdown and the financial crisis on Wall St ... that automakers were doling out bad loans just like the banks, but that's not entirely true. The high amount of luxury vehicles being repo'd have gone up as well, and many of those buyers have very good credit [more...]

Date: 2008-10-14 13:41:02

Bank cuts 130 O.C. jobs

HERE. Jeff Altman of WestCal Mortgage Corp. in Orange said later today rates fluctuated between 4.75% and 4.875% with a one-point fee ... Homeowners who got a break often defaulted again The regulator did it Good credit, bad mortgage … ... in 2007. And in other mortgage news… Bad-loan fix: Model or Myth? O.C. mortgage rates return [more...]

Date: 2008-12-11 21:09:31

When You Are Eligible For A Free Credit Report

By Federal law, you are entitled to one free credit report per year directly from a credit-reporting agency only if you certify that: 1 ... to know, whether you need a new credit card, an auto loan, or a mortgage. Lenders use your credit scores ... to obtain the best rates. Bad credit costs thousands of dollars! About The Author Virginia Broobin [more...]

Date: 2008-12-27 07:59:27

9 Reasons for a good credit rating or FICO score

Does my credit rating really matter? That question goes through a lot of people's heads as they max out their credit card or don't pay their automobile payment Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events and community [more...]

Date: 2008-12-22 12:51:43

Should You Refinance Your Home Now?

It has been well documented by many media sources that mortgage rates are at a four year low ... has been very bad over the last year which has caused many Americans to buy on credit - A LOT!  If your credit ... correlation to their declining credit ratings.  With a decent credit rating it is very tempting [more...]

Date: 2008-12-14 00:52:30

2nd Mortgage Rate

2nd Mortgage Rate August 12th, 2008 Subscribe To Our Feed Do you own a home? ... . Applying for a home equity loan can be quick and painless. Even with bad credit, it may still ... or to purchase a car? Right now, mortgage rates are at the lowest they have been in decades [more...]

Date: 2008-08-12 14:23:58

More hoops to jump through for enticing mortgages

Consumers rushing to refinance a home loan or get a new one to take advantage of the lowest U.S ... stellar credit. “This market has weeded out people with bad credit. That’s the difference,” said Ellen ... . mortgage rates in nearly four decades are in for a surprise: the new rates aren’t for everyone [more...]

Date: 2009-01-14 14:37:34

on mortgage talks

A childhood friend just got home 1 month earlier my father, she too works in a cruise line! ... mortgage rates and interests and other add ons like refinance with bad credit actually i guess ... again her ship she’ll decide on what to do with her planned investment and about bad credit mortgage [more...]

Date: 2008-10-27 13:51:27

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