Comments on: Getting Bad Credit Home Loans?

By: JoanD

JoanD — Sat, 13 Mar 2010 21:41:05 +0000

You can try a variable credit lending company. There’s a bunch listed here

http://badcreditpersonalloans.best-loans.ws/mortgage_refinance.html

Compare rates and terms carefully.

By: Michael T

Michael T — Sat, 13 Mar 2010 21:02:42 +0000

Your best bet is to repair your credit first. You can do it yourself and it is not hard. Last year I had bad credit and looked into getting it compared. I found out there were a lot of companies out their trying to scam people. During my search I found a website (your-credit-solution dot com) that provided me with a solution to improve my credit score by 200 points in less than 90 days.

By: Go, I

Go, I — Sat, 13 Mar 2010 20:30:22 +0000

You probably don’t want to hear this, but the best option is to clean up your credit first and seek a mortgage loan after that.
Obtaining a mortgage loan with shaky credit is a sure-fire way to find yourself in foreclosure faster than the ink dries on your closing docs.
Pay off or settle all charge-offs, collections, judgments and liens. If you have declared bankruptcy, make sure you wait two years (after the discharge date) before you start looking for a home loan. If you have a lot of middle debt, pay that down until you are borrowing less than 40% of your total limits.
After you do all of that, save up as much as you can for a down payment. If your credit is questionable, a nice amount of money down might get you in the ballpark of a better interest rate.
Good luck to you!

By: enchanted

enchanted — Sat, 13 Mar 2010 20:04:28 +0000

Do NOT go with mortgage brokers. All they do is rip you off and several are now being sued in the US.

If you can’t get a loan through your bank, ask them why and what you should do to qualify.