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| gmc355 |
 Posted: Mon Jan 29, 2007 4:41 pm Post subject: Where to find loans for people with bad credit |
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| Where Can a person with bad credit get a home loan |
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| krobinson57-0 |
| Posted: Mon Feb 26, 2007 11:23 am Post subject: Bad Credit? Me too. But you can get a house. |
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I have actually found out quite abit about this. You can get another home loan with an astronomical APR as soon as a bankruptcy is discharged. At 2 years after the bnkrkrpy you can get a considerably better rate. The most important thing to remember is that even though bad credit may be an issue, there are still people who want to loan you money, but because of their higher risk as determined by your credit report, they want more money. Just make sure to get at least three or four companies info before choosing one. Also, though your APR may be high now don't forget that you will be able to refinance in the future (especially since making house payments on time reflects on your score while past difficulties will drop after 8 years (I think  . |
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| Do5 |
| Posted: Mon Apr 02, 2007 6:40 am Post subject: |
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Investing Sr. Associate
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What do you consider bad credit....
if you check MYFICO dot com, you can see the avg. credit is 723  |
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| millzrm |
| Posted: Tue Apr 03, 2007 3:26 am Post subject: |
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| Do a search on google for Bad Credit Loans - there are tons of places. This was mentioned in an earlier post... You will most likely pay a much higher interest rate depending on how bad your credit score is.... |
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| Do5 |
| Posted: Fri May 04, 2007 10:39 am Post subject: |
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Investing Sr. Associate
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Contact a Mtg. Broker and have them look into MyCommunity Programs, this is a fannie mae program that can help borrowers with lower scores, and lower income to afford becoming a homeowner.
as of this date: BK7 has to be greater than 24 months, colletions/charge offs have to be below $5000, or they ALL have to be paid or settled.
there are some changes coming in effect on the 15th of May, not quite sure what all they are, but I am hearing that the $5000 may be waived if the collection does not effect title.
Freddie Mac offers the Home Possible program too.
Hope this helps |
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| Do5 |
| Posted: Thu May 10, 2007 1:09 pm Post subject: |
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Investing Sr. Associate
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| Just an update to add that I had a customer interested in purchasing a home, his midscore is a 512, he is looking at a 7% rate. through the My Community Program. |
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| franklindave |
| Posted: Fri Feb 08, 2008 5:43 am Post subject: HARD MONEY LOAN/FINANCING AVAILABE HERE |
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Hello there!
My name is FRANKLIN DAVE,certified loan lender.i have help some many persons with their financial needs by granting loans to them. I grant bussiness loan,personal loan,home loan,auto loan,student loan,debt consolidation loan,unsecured loan,venture capital etc..
I am a private lender,I grant loans to companies and individuals at a low and affordable interest rate.I can grant you a loan,but all you need to do is to contact me with this email adress so that we can proceed with it immediately because,i know you want this loan. franklinfundsksm@gmail.com, with the following details;
Amount required:
Loan duration:
Best Regard |
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| franklindave |
| Posted: Fri Feb 08, 2008 6:41 am Post subject: HARD MONEY LOAN/FINANCING AVAILABE HERE |
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New Poster
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Hello there!
My name is FRANKLIN DAVE,certified loan lender.i have help some many persons with their financial needs by granting loans to them. I grant bussiness loan,personal loan,home loan,auto loan,student loan,debt consolidation loan,unsecured loan,venture capital etc..
I am a private lender,I grant loans to companies and individuals at a low and affordable interest rate.I can grant you a loan,but all you need to do is to contact me with this email adress so that we can proceed with it immediately because,i know you want this loan. franklinfundsksm@gmail.com, with the following details;
Amount required:
Loan duration: |
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| Do5 |
| Posted: Thu Feb 28, 2008 3:28 pm Post subject: |
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Investing Sr. Associate
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Just an update here, as many programs have changed over and over since my last post in MAY.
FHA would probably be the best way with minimal credit at this time...
the bank I work for has a minimum score of 550 to do FHA loans, they will look closely at the past 12 months of credit. good letters of explanation. Alternitive tradelines, positive Verification of rent w/ no lates in the past 12 months.
There is alot more involved than just scores...
Housing and Debt Ratios usually should NOT exceed 29/43%
and compensating factors are looked at too.. such as time on job, reserve funds in savings, or 401k accts.
Hope this helps some! |
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| franklindave |
| Posted: Fri Feb 29, 2008 4:00 am Post subject: Re: Where to find loans for people with bad credit |
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There friend,the place i think you can get loans with bad credit is very easy.Just contact Mr Peter Johnson wiyh this email address i know he can help.Below is the email address.
peterfunds@yahoo.com. |
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| John Nickson |
| Posted: Fri Aug 15, 2008 5:49 am Post subject: |
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| Contact Mr. John Nickson, if you need a loan, and you have a bad credit, he can assist you in getting one, because he assisted me some months back, his email address is johnnnickson@gmail.com |
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| johns1 |
| Posted: Tue Sep 09, 2008 5:39 am Post subject: |
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Investing Associate
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| It's better to get your credit problems fixed first, instead of looking for another loan, which can make things worse. Also be careful with people you don't know offering you loans on free forums like this. |
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