where can i take out a second mortgage? with bad credit?
we have a lot of debt and would like to take out a secound mortgage. Where could I look with somewhat bad creidt? I know do not say get ur spending under control becouse we have and have cut them all up but still need to pay off. so where could I look?- Currently banks are not likely to lend with bad credit. I would advise talking to a credit counselor with a non - profit group to try to avoid the second mortgage. You do not want to get in with a shady group and take out a 2nd that you can not afford and lose the house. Be very careful!
- This question brought the wolves out of the closet, to be plain and precise nowhere. Question is how much equity do you have in your home? If you have less than20% then your options are pretty much nil. In todays market the subprime loan market is gone, the Alt - A is gone, and the prime is under tougher standards. If by chance you do find a loand shark, and they are out there willing to loan you money be prepared to add yourself to the milions that will be facing foreclosure in the nex few months
- its hard right now but i have seen household fin and american gen expect rates over 12%
- because of the subprime market, it would be very difficult to get a second mortgage
Knowledge Base
What types of mortgage loans are available for people with bad credit?
i recently lost my job, and got behind on payments. this has really impacted my credit. i am looking to buy a house, and could afford a down payment, but i need some type of mortgage company that works with people with bad credit. what types of companies are out (california bad credit mortgage)
mortgage lender to bad credit?
i have poor credit, low score, no down payment. is there companies that i can get a home mortgage through? it is only for around $45, 000. my daughter in law nows owns the house that i rent from her. she wants to sell it, her mortgage payment is $15 (california bad credit mortgage)
2nd mortgage a bad idea?
my boyfriend's grandfather 75 years old has decided to get a second mortgage on his house. the house and property are worth about $700, 000. he said he's getting $35, 000. he has really bad credit. he always buys crap off the infomercials and then never pays for it. he (bad credit mortgage refinance)
Knowledge Base: Bad Credit Mortgage
can i get a bad credit mortgage loan?
i am having a home foreclosed on, and would like to know if anyone can give me a mortgage?. that's funny. probably not. it's tough to get a mortgage now even if you have good credit. have you contacted your mortgage holder and ask them if they can re - (bad credit mortgage)
Where can you find a mortgage lender when you have bad credit?
i own a home with very little owed on it as compared to it's value and i want to refinance and get a little cash out to do some home improvements but my credit is bad because i umed a family member's debt. i have a good job and steady (bad credit mortgage)
Are there any banks that give mortgage loans to people with bad credit?
i am looking to buy my first home. my goal is to get to a 620 credit score but i know this will take quite some time. i was wondering if there are banks out there that give you loans to buy a home if you have bad credit or (bad credit mortgage lenders)
Can you refinance a mortgage even if you have bad credit?
i only owe $39, 000. 00 on a home worth $150, 000. 00. it is a loan through beneficial at 12. 5% interest. my credit is bad due to the fact i umed my deceased father's bills. i would like to refinance my mortgage and get some cash out to (bad credit mortgage lenders)
Are there mortgage lenders that lend to people with bad credit?
what i mean is lend to people with bad credit and take off the house if you fail to pay. hope i am making sense. a mortgage, by definition, is a loan secured by the value of the house. currently, mortgage lenders are looking for 10 - 20% downpayment so (bad credit mortgage loans)
Knowledge Base: Bad Credit Second Mortgage
where can i take out a second mortgage? with bad credit?
we have a lot of debt and would like to take out a secound mortgage. where could i look with somewhat bad creidt? i know do not say get ur spending under control becouse we have and have cut them all up but still need to pay off. so where (bad credit second mortgage)
He has good credit, good paying job I have bad credit, low paying job can we get a mortgage loan together?
we are engaged and would like to blend our families and lives. he owns a home and uses it as rental income. he has been preapproved for a second mortgage loan at 220k. he has good credit history, score of 750 and makes 70k. the house's we like are about (bad credit second mortgage)
2nd mortgage a bad idea?
my boyfriend's grandfather 75 years old has decided to get a second mortgage on his house. the house and property are worth about $700, 000. he said he's getting $35, 000. he has really bad credit. he always buys crap off the infomercials and then never pays for it. he (bad credit second mortgage)
Why are second mortgages considered "bad"?
we got one to pay off credit card debt. the interest rate is way, way lower than the credit cards, and the term of the 2nd mortgage is 10 years. what's wrong with that? i wanted to add, i feel the loan officer was not forthright in explaining that this (bad credit second mortgage)
where can i get a second mortgage with bad credit?I just bought home 3 monthes ago. ?
depends on how much equity is in your place since you purchase it 3 months ago. obviously if you just bought it 3 months ago, and you already need to get a 2nd mortgage, you probably will not get approved, especially when you have bad credit to begin with, because (bad credit second mortgage)
