Archive for November, 2008

Will my credit effect if enquiries are made to procure home mortagage loan?

Saturday, November 29th, 2008
home mortgage loan credit
BoB asked:


If more lenders check the credit history for home mortgage will that effect my credit scores ?

Francis

is there a place to get a home mortgage loan with a 570 credit score. I have made all of my payments, on time?

Monday, November 17th, 2008
home mortgage loan credit
smokey asked:


for the past 18 months however i have 3 credit cards that have what they consider high balances even though they are only 300 and 500 limits.so if you know where i can find a loan please let me know.

Michelle

Mortgage/Home loan help?

Tuesday, November 11th, 2008
home mortgage loan credit
tonip1963 asked:


I am trying to invest in real estate. I have found a property and even had a lawyer look at the investment, which she found to be a good find. The property is 42,000 and I am sure I can get it for 37,000. COMPS in the area have sold between 100,000-145,000 in the past 18 months.

My credit scores are all between 630 and 660. I do not have a high verifiable income, although I can verify some. I can afford payments of around 500-600 (PITI). I would also like to borrow for the fix-up. I have 5,000 down payment and would like 55,000. I am willing to pay higher interest rates, if I can get a no or low document verification loan for 55,000.

ANY MORTGAGE BROKERS OR LENDERS OUT THERE THAT WANT TO HELP?

Willie

Why do they charge so much for a home mortgage? If they are already getting the loan why do I pay closing cost

Friday, November 7th, 2008
home mortgage loan credit
Jav B asked:


The mortgage institution will be making hundreds of thousands of dollars over the life of the loan in interest therefore the closing cost should be “0″ Ex. You can get a credit card (loan) and is free, they will make money on the interest

Frederick

Does anybody know lenders that would approve a home loan with credit score in mid 540 to 550 range? In TX?

Tuesday, November 4th, 2008
home mortgage loan credit
Tracy C asked:


I have encounter this home builder, who is building a house on his property. He has offered to sell me the home when it is finished for $120,000.00. My dilema is I don’t have that kind of money, so I thought maybe I could get a loan from a lender to pay for the home. I prefer to pay a bank or a mortgage company vs. paying the owner. Any suggestion, I am totally new to this.

Clyde

Between her home mortgage, car loan, and credit card bill, Megan is $75,300 in debt?

Sunday, November 2nd, 2008
home mortgage loan credit
….. asked:


The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find the amount of each loan.

Daniel