From the category archives:

Mortgages

Getting a Second Mortgage Loan With Bad Credit

December 7, 2009

Before the credit crunch and the tightening of standards by mortgage lenders, getting second mortgage loans with bad credit was fairly easy, but times have changed. Mortgage loans for people with bad credit are getting more and more difficult to come by. Only homeowners with significant equity in their homes and a stable source of [...]

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Three Tips For Getting A Bad Credit Mortgage Loan!

November 30, 2009

Getting a bad credit mortgage loan can be a troubling process, especially if you happen to know other people with good credit that also have mortgages. Like it or not, if you have bad credit you will end up having to pay a higher rate of interest and probably higher monthly payments. Further, your lender [...]

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Are Poor Credit Home Loans Still Available Today?

November 28, 2009

In a word, yes! Actually, contrary to conventional wisdom, it is fairly easy for a person with poor credit to get a home loan as long as they have – and can prove they have – a steady income that is enough to cover the loan payments. The real disadvantage to getting a mortgage loan [...]

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Who Markets Mortgage Loans for People With Bad Credit?

November 28, 2009

Contrary to the conventional wisdom that suggests it is very difficult – or almost impossible – for people with bad credit to get a mortgage, the opposite is actually the case. Almost all major mortgage lenders have some sort of program designed for people with bad credit and these programs differ significantly. Though it is [...]

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Is it Possible to Get a Bad Credit Home Mortgage Loan?

November 24, 2009

A bad credit home mortgage loan is a mortgage sold to someone that has a bad credit score or rating. While mortgages are available to people with bad credit, these are not good mortgages as the perceived risk of lending to a person with bad credit results in an additional premium being placed on the [...]

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Bad Credit 2nd Mortgage – Look Before You Leap!

November 13, 2009

If you are trying to make a decision as to if a bad credit 2nd mortgage is right for you, then read on.   I am going to discuss what a second mortgage is,  the advantages and disadvantages. After reading this you should be in position to make a decision about whether a second mortgage is [...]

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Mortgage Loans after Bankruptcy – Yes, You Can Get One!

October 14, 2009

If you have filed bankruptcy, you probably dream of owning your own home again. The good news is that although it isn’t as easy as it once was, getting a mortgage after bankruptcy can be done. You will have to wait a set amount of time after your bankruptcy. If you filed Chapter 7, you [...]

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Post Bankruptcy Mortgage Loan Offerings

October 5, 2009

With the recent mortgage banking implosion, many people are under the misguided conception that the bad credit mortgage or “sub-prime” mortgage is dead. The bad credit mortgage or sub-prime mortgage is alive and well, it is just masquerading under a different name that most people don’t associate with a bad credit mortgage. They presently go [...]

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The After Bankruptcy Mortgage Loan

October 5, 2009

In the current lending environment, qualifying for a mortgage is tough enough even with perfect credit. Questions we often get asked are, “How do you develop after bankruptcy credit?” and “Is there a post bankruptcy mortgage loan available? Is it even possible to get a bad credit mortgage any more?If so, what is it and [...]

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Buying a House with Bad Credit

September 25, 2009

I get questions every day about the options people have when they are interested in buying a house with bad credit. Are there still options? Can you get into your dream home when you have less than perfect credit? The truth is, your options are much more limited than they were just a year ago, [...]

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