Posts Tagged ‘Home Loans’

What exactly is the home mortgage crisis all about?

Wednesday, January 7th, 2009
Vic D. Dik asked:


Why is there a lot of home foreclosure in the U.S. today?Did the interest rates on existing home loans suddenly increase?
Are interest on loans allowed to fluctuate wildly? By how much? But are not the key interest rates which are the basis of interests on home loans at their record lowest, thereby making home purchases very accessible? And what is the current loan interest rate now in the U.S? In the Philippines, you pay 7-8percent per annum. How does that compare to the US?

Anita

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Posted in Personal Finance | 6 Comments »

Is it possible to get a mortgage loan with poor credit?

Thursday, May 29th, 2008
home mortgage loan credit
e.sillery asked:


I filed bankruptcy about 4 years ago and my credit has been raising slowly. I pulled my credit report and found two medical collections against me that were not mine. I contacted the proper people and they agreed to remove them. Only one was removed and I have been trying for 6 months to get the other off. I have a letter stating they both were to be removed, but when applying for a mortgage online they pull my credit report and see a collection against me.
My debt to income ratio is pretty low so I sould qualify for a home purchase loan, but I have been turned down by my credit union.
Who offers home loans for people with credit problems?

Russell

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Posted in Credit | 9 Comments »