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.
FEBRUARY 2008
February, 2008 No Credit History? Try FHA!
Are you someone who doesn't like credit, never had it, and stays away from it?
This may be a great strategy if you want to stay out of debt, but if you are trying to qualify for a mortgage, it can spell trouble. Most lenders these days want to see an established credit history, and most loan programs require at least 3 credit lines that have been open for 24 months or more.
Many home owners over the past year have been hurt badly by increasing adjustable-rate mortgage payments. Some can't refinance and have no choice but to accept the higher payments or lose their home.
Well, I have good news for you. The recent rate-cutting effort by the FOMC has served to help indexes which are tied to ARM mortgages go lower too. It may be hard to believe, but upcoming rate adjustments may actually send ...
The government is set to unveil a new program designed to help all homeowners who are in trouble with their mortgage and behind on their payments.
The new plan, called Project Lifeline involves six of the largest banks in the nation and will help all home owners, not just home owners with subprime mortgages. Even people with excellent credit got into adjustable-rate mortgages or interest only mortgages and some of them are now ...
posted by RJ Baxter February 12, 2008 9:25 | permalink | comments(0) | Credit Repair FHA Loan Limit Increase to Become Law
FHA loan limits are set to increase in some areas as part of the government's new economic stimulus package. The plan is set to become law later this week, and President Bush is expected to sign the bill on Wednesday.
It is unclear whether the plan will actually serve to stimulate the economy. Some say it's too little, too late. But for some home owners and first time home buyers in higher-cost areas, the ...
posted by RJ Baxter February 11, 2008 12:53 | permalink | comments(0) | Credit Repair Are Medical Collections OK With FHA Financing?
If you have had problems with medical billing and insurance in the past, you are not alone. It's no suprise that health insurance and the lack of it for millions of Americans is a central issue in this year's presidential race.
If you have medical collections on your credit report and your credit is otherwise decent, you are still eligible for FHA mortgage financing. FHA does not look negatively at medical collections.
