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| *Loan,banking and credit>>>bad credit mortgage |
I live in Florida, have bad credit and am worried about my ability to qualify for a mortgage. Anyone? |
I live in Florida, have bad credit and am worried about my ability to qualify for a mortgage. Anyone? Dylan, While no one can promise you a mortgage without first looking at your overall picture, there are many programs that are available for those with less than perfect credit. We specialize in helping those with less than perfect credit achieve their goals and dreams. Having bad credit, previous bankruptcy or a foreclosure on your credit can leave you thinking you do not have the ability to qualify for a mortgage. Our network of mortgage wholesalers enables us to find you a lender who is most understanding of your situation. We can also help you understand the effects of your past credit while showing you how to strengthen your present and future. Call your local Mortgage Broker or click on the link below to contact us, and we'll take a look at your overall picture to see if there is something that can be done. Whomever you go through, it's definitely worth a shot here. Good luck. Source(s): http://www.achievablemortgages.com... The best thing you can do Dylan is to let a mortgage BROKER look into your credit. This way not a thousand people are going to be pulling your credit and HURTING it. But instead, one person will be able to check your credit and present it to several banks to make sure you're getting the best rate and help you with any further steps in the purchasing procedure. I'm a Senior Loan Officer. I work for a Direct Lender and a Broker. The biggest thing they look for is your debt ratio. That's the money you pay per month in debt bills divided by the money you make in a month. You want this as low as possible. If it's less than 40%, and you know you can afford the mortgage, you should be able to find a loan. Add about 30% to the principal and interest to account for the escrow and that's about what your mortgage payment will be. So, my advice is that between now and getting the mortgage, don't go into debt for anything. Pay off what you can, and consolidate credit cards if that's an option. That should help. |
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