Houses, Credit Reports, Lenders….ACK!

Wondering about buying your first home? Are you ready to move up or down-size? Have you heard they aren’t making loans any more? ... gift’ you cash for a down payment. AND *You don’t need stellar credit with FHA loans! Bad things ... your needs. *Good credit; your credit score needs to be 620 or higher, in most but not all cases. FHA [more...]

Date: 2008-11-08 12:00:06

Blog posts (33) | Videos (46)
 

Giving Buyers Back To The Rental Market

The Times Call reports from Colorado. “Randy Wilber moved his wife and two kids to Longmont in 2003 ... was kind of a relief, but at the same time I felt bad - terrible,’ Wilber said. “I felt bad ... tried to buy another home and was told the short sale would affect his credit for another year. ‘That’ [more...]

Date: 2008-07-06 15:15:02

FHA Guidelines On Bankruptcy

One of the most touching experiences loan officers go through when we conduct marketing campaigns seeking FHA mortgage prospects are the borrowers who call us wanting to buy a home for their family but they just have too much bad credit to overcome in order to qualify for even an FHA loan. Often they have a bankruptcy. First, here are FHA’ [more...]

Date: 2008-06-14 00:26:57

Buying a home with creative financing

With home prices falling and problems in mortgage markets continuing, buyers and sellers both stand to benefit from creative financing ... broker, even with bad credit. Before the growth of the subprime loan market, there were swindlers ... ,” for home buyers who didn’t meet traditional qualifications because of credit, income or job [more...]

Date: 2008-12-21 14:31:04

Obama Proposes Moratorium on Foreclosures

While Senator John McCain is urging the government to buy bad home loans, ... against foreclosures and an $800 mortgage tax credit per year for homeowners who fail to itemize ... , the Hope for Homeowners. The program encourages homeowners to apply for refinancing [more...]

Date: 2008-11-14 13:02:58

So, What Is A PMI?

Buying a home is a realization of a life long dream and for many a symbol of “making it” in life ... of the American and the world economy; many experts believe. Consumers with bad credit wishing to attain ... in order to recover the lost costs of the loan. Mortgages were a favourite way of buying homes before [more...]

Date: 2008-09-17 09:42:48

Socialism Is Everywhere

by hilzoy In a stunning reversal, John McCain today endorsed the redistribution of wealth: " ... do, and that's go in and buy out these bad mortgages, give people mortgages they can afford, stabilize home values and start ... : "He will commit a $5,000 tax credit for each and every customer who buys a zero carbon emission [more...]

Date: 2008-10-29 05:48:29

Bad Credit Car Loans

The worst case credit scenario for all of us is bankruptcy. I read an article by a bankruptcy attorney once that people’s biggest fear when they’re deciding whether to go through bankruptcy is that they’ll never be able to own a home again and they’ll never be able to buy another car. Those fears aren’t really justified, but it’s true that borrowing for cars and houses is going to get much tougher after you’ve gone through the big BK. [more...]

Date: 2009-08-15 13:17:19

Bad Credit Report Repair Done Easy

Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating back on track quickly, there is hope for people [more...]

Date: 2009-01-15 18:01:59

A Review of Auto Loans Online

I have worked for 2 years. My home is far away from the company. So I have to take on 2 buses every day. I feel so tired. I wanna buy a car ... by the dealership. I know the advantages of getting a loan online such as lower rates, instant approval, auto loans for bad credit and so on. Even if you have a bad credit before, don’t worry, you will be [more...]

Date: 2008-12-13 11:12:02

Easy Bad Credit Report Repair

Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to ... need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating ... [more...]

Date: 2009-01-16 11:42:59

Leituras

“The Goal Is Freedom: Theory and Crisis” de Seldon Richman What might be even more distressing than the current buildup of the corporate state in ... banks’ bad mortgage-backed securities, it will inject liquidity into the credit markets and improve ... through promotion of easy home-buying and implicit guarantees to lenders and underwriters, including [more...]

Date: 2008-10-13 08:43:21

Can't Anybody Play This Game? The McCain Campaign Defies Belief

You know, we have llike seen this before. On health care: ... to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those ... McCain started with a tax credit that was equal in aggregate to the additional tax he levied [more...]

Date: 2008-10-09 05:19:26

Borrowing for your home loan will get more expensive, Oct. 1

Thinking of buying a home this fall? You may want to close prior to October 1 or November 7, depending on who your lender is ... of their individual risk characteristics … And, if you’ve been bad (credit score under 720), you’ll pay ... quarter-point higher fees upfront. But, if you’ve been good (credit score above 720): Both [more...]

Date: 2008-08-20 14:00:40

Credit Ratings Are Often Underestimated

People know that getting into debt can be a bad thing ... underestimate their credit. They figure that if they aren’t financing a vehicle or looking at buying a new home, then they don’t have anything to worry about. Credit governs interest rates and loan [more...]

Date: 2008-12-08 17:01:07

The Ups and Downs of Buying a Home

Pretty soon this will be our yard! We’ve been on the home buying roller coaster for almost a month now, ... .  We meet my dad at the house and tour the inside.  It’s in bad shape, but we like the lot ... the numbers, checks our credit, and determines that we should have no trouble qualifying.  That night [more...]

Date: 2008-07-24 11:00:15

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

Countrywide On Brink Of Losing Lending License In Washington State

Countrywide Office In the latest of what seems like bad report after bad report for Countrywide, ... in the nation, and in fact largest lender in some markets. With today’s tightening credit markets, acquiring a loan to buy a home is getting harder and harder--now take out the top lender and just think how [more...]

Date: 2008-06-26 20:07:00

How to Find the Right Mortgage

by katie George A mortgage that is properly suited to an individual’s needs when buying a home can save the individual thousands while a mortgage ... be considerably more or less by the end of the mortgage. Individuals who have no or bad credit ... one is the right one. First one needs to understand the different options available to them. For people [more...]

Date: 2009-01-07 00:31:19

We’re Never Going To Go Back To The Heyday

The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]

Date: 2008-10-24 15:48:52

Consumer confidence falls to record low

The Conference Board reported a record low in consumer confidence in the U.S. going all the way back to 1967 when record-keeping began ... percent. In bad news for retail sales, only 4.4 percent of the sample say they expect to buy a car ... . Falling home equity, plunging stock markets, and a credit crisis, the likes of which few [more...]

Date: 2008-10-28 15:34:00

PPI and Retail Sales Dominate The Calendar

The economic calendar starts very slow this week, with only the Pending Home Sales report coming on Tuesday ... to show another decline, although not as bad as the October report. With limited access to credit, consumers aren’t buying much right now even though we are approaching the holiday season. The report [more...]

Date: 2008-12-08 14:30:40

Finding Money for your Borrowers

With the credit crunch in full swing, investors should start to pay attention the the lending options available to their buyers ... with a down payment.  While this is not a bad thing long term it certainly is not good for sellers come ... Rural Home Loan Program has been an alternative solution for those that buying and selling homes [more...]

Date: 2008-08-07 22:30:34

FHA Loans- Affordability Solutions for First Time Homebuyers

Author: Jared Martin “FHA” and “First Time Homebuyers” are real buzzwords as far as home buying is concerned, ... . The intent of this article is to quantify the features of this loan, both good and bad, and discuss ... Housing Authority. Recent events in the credit markets have made the FHA loan a true affordability [more...]

Date: 2009-01-02 03:10:31

HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES

For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... loans, which carry high interest rates and are tailored to borrowers with low credit scores or few ... the housing boom. But when these markets began to weaken, bad loans depressed the value of neighboring [more...]

Date: 2009-01-06 13:19:54

Asia could see widespread credit defaults soon

Anyone still want to buy the "de-coupling" economic theory? ... be forming among small and medium-sized companies in Asia, raising the spectre of a pile of bad loans ... up. Several Hong Kong companies have shuttered factories in China, including home appliance maker BEP [more...]

Date: 2008-10-23 04:15:04

U.S. Government Should Publish All Mortgages It Buys

It appears that the United States government is going to purchase hundreds of billions of dollars worth of bad mortgages in an effort to prevent the ... -- affected directly by failing mortgages, decreasing home prices, and the accompanying social problems ... of the Bear Stearns High-Grade Structured Credit Strategies Master Fund. This fund is a classic [more...]

Date: 2008-09-24 22:11:26

The Bad Paper Chase

And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]

Date: 2008-11-26 00:46:42

Bad Credit Loans & Debt Consolidation

By Vernon DeFlanders If you're buying your first home, bad credit loan consultants have access to the best home loans on the market ... by availing of a bad credit home loan is a major step towards credit repair. Moreover, if you can keep ... . This dream is not even out of reach for people with bad credit histories and they offer specially [more...]

Date: 2008-07-06 19:02:51

Live in Rest with Real Estate Loans

by katie George You are looking for a nice home to live in rest but what is worrying you is the limited budget ... loans can be accessed by everyone. Thus both good and bad credit holders are welcomed here ... financial assistance for buying home, a bad credit holder can also improve his adverse credit score [more...]

Date: 2008-12-29 19:07:57

Selecting Best Homes in Los Angeles

by J. Kim Nowadays there are plenty of sites online that offer advice and information about what to do when buying a home ... as if their credit is bad or they have no credit whatsoever. Certainly the more loans and credit cards a person ... The Right Mortgage With the introduction of instant refinancing there are times now where [more...]

Date: 2008-10-29 01:54:17

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing [more...]

Date: 2009-01-07 18:21:09

Maneuvering through the Confusing Field of Legal Credit Repair

Credit repair is an important issue for many people, if bad or inaccurate credit is keeping them from buying the home or car of their dreams ... are guilty of adding to the problems by misleading clients in credit repair that is unethical or even illegal. If you follow the advice of a less than reputable credit repair organization [more...]

Date: 2008-12-03 19:47:00

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