If you have bad credit and need help getting back on track and currently have a mortgage, a mortgage remortgage might be just what you need. A bad credit remortgage (also referred to an an adverse remortgage) is when you want to remortgage your house but you have bad credit. Bad credit is often defined [...]
Perhaps your current mortgage payment is pretty hefty and you would like to remortgage your home to lower the payments and possibly consolidate some debt to give you some breathing room. The problem is that you have adverse credit. What can you do? While it is true that many lending institutions will not work with [...]
There are some big changes happening in the mortgage industry that will directly effect those that have FHA mortgages or for those who are seeking out one. The biggest change that will happen Nov 18th 2009 is that FHA streamline refinance loans will be taken away. We know, this is a huge change and it [...]
A remortgage replaces an existing mortgage loan with a new loan from a different lender. It is similar to a refinance, although a refinance could also be through the current lender and a remortgage is only through a new lender. Let’s discuss remortgages.
There are many reasons a borrower might consider remortgaging their home. Lower rates, reduced [...]
FHA loans are an outstanding choice for first time home buyers, and even first time home buyers with bad credit, because FHA loans require only 3.5% cash down (which may be a gift from a family member) and are more forgiving of past credit issues and problems. FHA loans look at the last two years [...]
If you have bad credit and have been thinking of buying a house or refinancing your current mortgage you have probably run into a few problems. With the economy in it’s current recession, lenders have tightened down even more on lending requirements and have raised the credit score requirements to qualify for mortgage loans. Are [...]
The first step in preparing to purchase home or to refinance your current mortgage is to understand what a mortgage lender expects from you the borrower. Too often people just call a bank to see if they qualify for a bad credit mortgage without doing any research on their own about their own credit situation. [...]
For those of you who are searching out bad credit mortgages we would enthusiastically point you to aa FHA or VA mortgage product. The reason for this is because the guidelines allow borrowers with less than perfect credit some leeway with the stringent approval process. When trying to qualify for a FHA or VA loan [...]
See what FICO says about improving your score!
If you have bad credit and are looking for bad credit mortgage products that are available there are a few things that you should be doing while looking. Without doing these must do items, you will surely fail in your goals of being approved to purchase or refinance [...]
Have you decided that it’s time to own your own home? Have you been paying high rents and feel like your money is going nowhere because it ought to be making a house payment and building equity for you? If you have a steady income and good credit, getting a home loan is fairly easy to [...]