Archive for October, 2009

Refinancing With Poor Credit Score

Refinancing with poor credit score is definitley doable, and you can get a mortgage loan refinance even if you have bad credit. I get questions all the time about how to refiance with poor credit, or how to get a mortgage refinance after bankruptcy.

The thing is, there is hope for you if you have really bad credit, and you are trying to get a refinance. If you are trying to find a refinance company to deal with you and your bad credit, then you need to do some leg work and you will have to expect that this is going to cost you more.

A bad credit history does not mean an end to financing; options are always available for bad credit financing or bad credit refinancing. Refinancing means, to enter into an agreement on new terms and conditions and on new interest rate for an outstanding loan. Read more »

How To Get Refinanced

Are you looking to get a home loan or mortgage loan refinance? Never done it before? Well, there are lots of companies out there that are looking to offer you a home mortgage refinance. And, if you are looking for a home mortgage refinance, now is he best time to get one.

The reasons that now is a great time to get a home mortgage refinance is beause right now, interest rates are at historic lows. yes, there was a huge fall out and economic crisis, but for those of you that are ina good financial position, and still have equity in your home, there are lots of banks and companies that would fight over your mortgage refinance. Read more »

Is It Harder To Get Refinanced Now?

People are asking if it is harder to get refinanced now. That question depends on a few factors, and those factors are all individual. And that means your ability to get refinanced depends on your home, and your credit.

If you have a great credit score, finding a mortgage refinance is half the battle. If you have a great credit score above 700, that means that you are a good credit risk, and banks will ant to offer you money. Read more »

Modified Home Loans After Bankruptcy

How do I get modified home loans after bankruptcy?

If you have gone through bankruptcy, then you have been given a fresh start. The reason the bankruptcy court exists is to be able to give people a fresh start. If you have gone through bankruptcy, then there is no reason to feel bad. But more reason to rejoice in a fresh start.

Even though you have just gone through bankruptcy, you may find that you have gotten in a position that you may not be able to afford the regular payments on your current mortgage loan. If that is the case, you may be looking for a home mortgage modification. Recently, with all that is going on with the subprime mortgage mess, there are millions of homeowners who are in trouble. Never before has there been such a mess that has to get dealth with.

Consequently, banks are more than ever ready to deal with and work with homeowners to try to stay in their homes. If you are in trouble and drowing in debt and are having difficulty paying your monthly mortgage bill, then you may be a candidate for a home mortgage modification. Read more »

Bad Credit Refinance

Where Can I Find A Bad Credit Refinance?

There are many things in the world that you can find, but when you have bad credit and you are looking for a mortgage loan refinance, you may feel completely overwhelmed. If you have bad credit, you probably had some kind of life emergency that came up, and you really couldn’t do anything about it. Dealing with bad credit can be a hinderance, and it can take years to fix it. Having bad credit is not the end of hte world thouigh.

When you are looking for a refinance, that is a home mortgage refinance, that could actually be something that helps you in the long run and helps you get back on track. If you have owned your home for a long time, and have built up a large amount of equity, then a mortgage loan refinance may be a good idea for you. By refinancing the debt, and taking out some of the equity, you may be able to put yourself in a position that you pay off existing debt and clear your record. Read more »

Banks That Will Refinance To People With Bad Credit

Where Can I Find Banks That Will Refinance To People With Bad Credit?

That is a good question. If you are looking to refinance your home loan or mortgage loan, there are a few things that come with that. Homeowners who have a history of bad credit assume that they will be unable to refinance their mortgages. The fact is refinance mortgage is one of the most convenient solutions to get the homeowners out of their bad credit state and create a new credit history.

Homeowners who have a history of bad credit assume that they will be unable to refinance their mortgages. The fact is refinance mortgage is one of the most convenient solutions to get the homeowners out of their bad credit state and create a new credit history.

Home Mortgage Refinance Loan: Read more »

Bad Credit House Loans

Where Can I Find Bad Credit House Loans?

are you looking for a House loan? Do you have bad credit? If you have the combination of these two things, you may be thinking that it is a futile effort to try to get any kind of mortgage loan or any kind of loan to buy a house.

There was a time when you were able to get a house the matter what your credit situation was like. Those were called subprime loans they are also called a liar loans. The way these loans worked was all you had to do was state the income that you made on an application and based on your statement, the bank decided whether or not they were going to issue you a loan. In many of these cases they did not even verify whether or not you are telling the truth on the application.

Well, I don’t think I need to explain what happened. Eventually many of the people that have these kinds of loans were not able to pay them and they went into default. Because of such huge defaults on loans, the financial crisis was born. Because of this, credit has tightened up significantly and getting bad credit house loans is going to be virtually impossible at this point. Read more »

How To Get Back On Your Feet After Bankruptcy

How To Get Back On Your Feet After Bankruptcy

dealing with and going through bankruptcy can be very stressful on the person. Not only are you doing with the fact that you had to basically admit that you are in a terrible financial situation, he had to open up and go to court to seek assistance from the judge to either help you get protection or liquidate their assets.

While that may be the case, you should feel completely bad about it. After all, bankruptcy court was designed so that he can help give people a fresh start. What’s most important aboutdealing with bankruptcy is the fact that you want to make sure you learn from your past mistakes. If you can be objective and honest with yourself, you can learn how to improve your situation.

One of the most important things is having a positive outlook and making the determination that you’re going to work it out and do what it takes to become successful. Read more »

Mortgage Modification After Bankruptcy

How do I get a mortgage modification after bankruptcy?

That is a tough question to answer. I am assuming that you already have gone through bankruptcy, and were able to keep your home. And, now you are in the situation that you can no longer make the payments on the current mortgage that was approved by the bankruptcy judge.

It is possible to get a mortgage modification after bankruptcy. The thing is, you need to be able to either spend a great deal of time working with the server server of your loan or find someone who can help negotiate the terms for you.

In general, getting a mortgage modification depends on your ability to show the owner of the note that you are no longer able to pay the current mortgage note rate. At that point the person that owns the loan needs to make the decision as to whether they would rather lower or change the terms of the loan so that you can stay current, or forgo that and file for foreclosure. Read more »

Home Refinance Conditions

What are the home refinance conditions that I need?

That’s a great question and one that really depends. and varies. In general, the best home refinance conditions are such that you have a good credit score, meaning a credit score over 700, and you have a steady income.

After that you need to make sure you have some equity in your property. Ideally you want to have at least 20% equity in your home. Most home loans these days will requre you to have at least a 20% owner ship in your home and they won’t finance more than that.

The final thing you need is 3-5% of the home loan value that you will be paying in closing costs. That’s pretty much it. Read more »

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