Welcome to Bad Credit Mortgage Help. We are advocates for people with past credit problems and experts at helping people with imperfect credit qualify for a mortgage with reasonable terms. We offer Home Loans for people with past credit problems at the Lowest Mortgage Rates in the country. We have decades of experience with many Bad Credit Mortgage programs such as FHA Home Loans, VA Home Loans, FHA Streamline Refinances, VA Streamline Refinances, USDA Rural Housing Loans and more.
To find out what you qualify for, please fill out our inquiry form to set up a free consultation.
Credit Repair
July, 2009 Credit Card Accountability, Responsibility, and Disclosure Act
On Friday, May 22nd, the government passed sweeping reforms of the credit card industry. The bill, commonly called "CARD," is designed to clamp down on the ways in which credit card companies can charge consumers, bump up rates, and how they must disclose terms.
Although the law is designed to protect consumers, the end effect may be to hurt consumers. Credit card companies have relied on income streams to the tune of billions ...
posted by RJ Baxter July 03, 2009 10:37 | permalink | comments(0) | Credit RepairJune, 2009 Rapid Rescore Not Accepted By Most Lenders
A Rapid Rescore is a product offered by credit reporting companies that enables someone to make quick changes to their credit report and then generate a new credit score based on the changes. A great idea, yes, but the problem is that in today's market of tight credit, most lenders will not consider a fico score generated by a Rapid Rescore model.
Why is this? If the information is updated, then wouldn't the new ...
posted by RJ Baxter June 29, 2009 9:19 | permalink | comments(0) | Credit RepairAugust, 2008 The Truth About the New $7500 Tax Credit
You may have heard about the new $7500 tax credit available to first time homebuyers under the new Hope For Homeowners plan that the government recently passed.
On the surface, this seems like a great program, and it is as long as consumers understand it. The $7500 is a credit, not a deduction, which means you file for the credit as part of your 2008 tax returns, and will receive a check for ...
posted by RJ Baxter August 20, 2008 15:14 | permalink | comments(0) | Credit RepairJuly, 2008 Help Save Down Payment Assistance!
Down payment assistance programs have help millions of Americans acheive the dream of home ownership. However, the new housing rescue bill that is set to become law on October 1st will do away with all private down payment assistance programs, effectively ending the dream of home ownership for millions of Americans who need this program in order to buy a home.
HR 5830 appears to be headed to law as soon as next week, as the bill has passed through Congress and now must be signed by the President. The bill will ideally help homeowners bail out of bad loans and negative equity situations. It still remains unclear as to what format the final law will take and who the proposed government-backed programs will help.
To be alerted as to when this law can help you, ...
posted by RJ Baxter July 24, 2008 7:27 | permalink | comments(0) | Credit RepairMay, 2008 Overmortgaged? HR 5830 is Here to Help!
If you are one of the millions of Americans nationwide who are in trouble due to the current housing crisis because you owe more on your mortgage than your home is worth, help is on it's way!
HR 5830 is a new bill being voted on in congress this month. The legislation will help home owners who are overmortgaged refinance into a low fixed rate mortgage in order to save them from foreclosure.
posted by RJ Baxter May 02, 2008 10:14 | permalink | comments(1) | Credit RepairApril, 2008 FHA Reform Could Help Millions
There has been increasing discussion in congress and the white house about modernizing the FHA mortgage program in an effort to help millions of home owners avoid foreclosure and get into a stable, government-backed mortgage.
FHA has been around for decades, and is known for helping people with spotty credit records get into a home with a stable, 30 year fixed mortgage. Although FHA does have looser underwriting guidelines than many programs, there ...
posted by RJ Baxter April 18, 2008 1:42 | permalink | comments(0) | Credit RepairMarch, 2008 FHA Loan Limit Increase is Official
FHA Mortgage limits have officially been increased as part of the government's economic stimulus package. The increases will especially affect high-cost areas where many home owners were well above the previous FHA loan limits.
FHA remains one of the best programs for people with poor credit or a lack of credit history, and the flexible underwriting standards make it possible for many people to buy a home or refinance into a reasonable rate.
