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.
January, 2008 optoutprescreen
If you are applying for a mortgage, credit card, auto loan, or any other "hard" credit inquiry, you should know that you information can and probably will be sold to third parties by the three major credit agencies, Equifax, Experian, and Transunion. This could open the flood gates for telemarketers to call you day and night.
They call them trigger leads. Your information sold to businesses selling similar or related products to what you applied ...
I posted earlier this month on the FHA Streamline Refinance loan, a great option for homeowners with bad credit who want to lower their rate, or refinance out of an FHA adjustable mortgage.
Several of the phone calls I have gotten recently were from home owners interested in a streamline refinance, but they told me they have bad credit.
You can do a streamline with bad credit because you don't have to "credit ...
I talked to another prospective home buyer this morning who was without a down payment.
"Are you sure I can get a 100% mortgage?" They asked.
This home buyer, like so many others these days, thought that a 100% mortgage to buy a home is a thing of the past, and that they would have to save up 5% or even 10% of the sales price for a down payment.
Countrywide has become the next victim of the mortgage meltdown as it was announced today that Bank of America would buy out the firm for a reported $4 Billion.
Countrywide had a large amount of exposure to subprime loans as well as other high-risk loans, which may have partially led to it's growth in the early 2000's, but also could have helped fuel it's demise.
posted by RJ Baxter January 11, 2008 12:41 | permalink | comments(0) | Credit Repair Pay Off Collection- Credit Score Down?
It seems counter-intuitive, but if you are getting ready to apply for a home loan and have collections, judgements, or charge-offs on your credit report, do not, I repeat, do not pay them off!
The reason is this: Although long term, it is better to pay off your outstanding debts, if you pay off a collection account, it will appear on your credit as an account that has been active recently. Even though the ...
If you are in the market to buy your first home in 2008, your timing couldn't be better.
Yes, the housing crisis is all over the news and the economy is teetering on the brink of an economic recession, but for first-timers, it is a perfect time to find that starter home.
Here are some things to think about in today's market:
1. It is perfect timing for first-timers because today's ...
Mortgage rates have fallen to the lowest levels we have seen since 2005 on a weaker than expected job growth figure this morning.
Jobs growth was the slowest since 2003, further signaling that the economy could be headed to a recession in 2008.
A poor economy, however, is great for mortgage rates, as investors flock to the safe-haven of fixed investments such as bonds. If you need to refinance out of that ARM ...
If you are currently in an FHA loan, and have been on time with your payments for the past 12 months, now is the time to consider an FHA streamline refinance.
Mortgage rates are approaching 3 year lows, so that means if your rate is currently 6.5% or above, you can benefit from a streamline refinance.
FHA streamline refinances are fast, easy, and low cost.
