i have poor credit can i get a mortagage loan

ballistik661 · Joined: 27 Mar 2009 Posts: 1 1.53 Dollars($)

ive been try to clean up my credit

billjames · Joined: 27 Mar 2009 Posts: 66 16.54 Dollars($)

It's hard for people with good credit to get a mortgage loan these days. How much can you put down %

Guest

Posted: Fri Mar 27, 2009 2:00 pm Post subject:

the loan i want is 150,000

billjames · Joined: 27 Mar 2009 Posts: 66 16.54 Dollars($)

Can you get someone to co-sign with you?

gmakerley · Posted: Fri Mar 27, 2009 2:43 pm Post subject:

it is so much more beneficial to know what we are dealing with.

what does "poor" credit mean? is your score below 500? is it below 550?
is it below 600? is it below 620?

too much question and too little detail to answer properly.

eric1 · Posted: Fri Mar 27, 2009 5:50 pm Post subject:

I agree, we need a lot more info before we can help answer your question.

smithsussane · Posted: Fri Mar 27, 2009 7:20 pm Post subject:

Hi ballistik!

Welcome to forums!

You haven't mentioned what your credit score is. To get a FHA loan, you'll require a minimum credit score of 620 whereas to get conventional loans, you'll require a credit score of 700-720. I appreciate that you've been trying to improve your credit. However, if your credit score is below 620, it would be difficult for you to get a loan. I would suggest you to improve your credit score and then look out for loans.

To know more about how you can improve your credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html

Feel free to ask if you have further queries.

Sussane

dilipgagare · Joined: 26 Mar 2009 Posts: 58 0.01 Dollars($)

Hi,
You have poor credit then not an issue, you can get loan on that,
but loan amount might be less because its depends upon your credit.
You can concern to any expert person to know how much bank will offer loan on your credit.

If you not get any loan on your credit then you can show credit of your any relative or who has trust you.

I hope you get idea.

Regards
Dilip

gmakerley · Posted: Wed Apr 01, 2009 8:56 am Post subject:

i don't like anyone to think i'm rude, but some of the responses to legitimate questions are out of order here.

i don't know who might "get" that idea above. convoluted, irrational and poorly thought-out responses do our inquisitive posters no good whatsoever.

i'm concerned that those who are questioning and receiving some of these ridiculous answers are actually acting upon the "advice" given. God forbid!

gmakerley · Posted: Wed Apr 01, 2009 8:57 am Post subject:

oh wait!!! maybe it was an "april fool"

Posted: Wed Apr 01, 2009 10:42 am Post subject:

It is a bit hard to get a loan with no credit.

Find a small loan first and do the repayments properly so that you gain credibility.

gmakerley · Posted: Wed Apr 01, 2009 10:45 am Post subject:

that one, kinda, almost, made sense.

eric1 · Posted: Wed Apr 01, 2009 5:48 pm Post subject:

George, there is actually someone here posting just to claim the pennies you receive for making each post. The guy sent me a message asking how he will get paid.

gmakerley · Posted: Thu Apr 02, 2009 6:34 am Post subject:

no way! i can't believe it! are you sure? was this message sent to you yesterday? don't forget that yesterday was april fool's day!
Laughing

just take a look at all the follow-up posts after someone has made a specific statement to answer a question. all too often, it's "oh yes, i agree with _______" (fill in the blank). it's so painfully obvious that the person is trying to accumulate a few pennies with each post.

of course, your post and mine back to you are probably so inconsequential as to lead others to think we're doing it too! c'est la guerre.

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