| Author |
Message |
scp72
Guest
0.10 Dollars($)
|
Post subject: loan? |
|
|
| my wife and I have about 499/498 credit score but most of the problem is a repeat on the credit or things saying charge off but have been paid and we have a title! but we are wanting to buy a new mobil home is there any financing avil. in the State of Texas? |
|
 |
David in Georgia
Guest
0.10 Dollars($)
|
|
Post subject: loans for bankruptcy relief |
|
|
| i own a home and 5 acres and another house that i rent out monthly. i have 3years and 10 months left on my chapter 13 , my problem is that with the economy right now, my income has dropped and i am behind on my payment i just got Feb. payment in and am working on March payment and its April. since i haven't been on time with my payments , can i still qualify for a home mortgage that would pay off my chapter 13 and give me a lower payment each month? |
|
|
jenkin7
Joined: 04 Jun 2007
Posts: 4278
Location: Hawaii
674.88 Dollars($)
|
|
Post subject: |
|
|
Hi scp,
The credit score of 499 is not impressive at all and under the current market scenario, it is very difficult for you to qualify for a loan. If most of the negative items are repeats on the credit or charge offs that have been paid, you should first try and remove those items from your credit report and then go for a new loan. It will help you qualify for a loan at an affordable rate and terms. |
|
|
savior70
Joined: 25 Mar 2009
Posts: 1774
Location: Florida
237.32 Dollars($)
|
|
Post subject: |
|
|
Hi
David, the way the current market is behaving, you might not be able to get a new loan to pay off your chapter 13. Instead, I think you should try and get your existing loan modified. A modification of loan under chapter 13 bankruptcy is possible, subject to the bankruptcy trustee's approval. This will help you lower your monthly payments and be current on the loan. |
|
|
DebbieC
Guest
0.10 Dollars($)
|
|
Post subject: LOAN AFTER BANKRUPTCY? |
|
|
| Hello, I filed chapter 7 bankrupTcy 1 year ago.I have a credit score of 637. My husband has a score of 647. He was not part of the bankruptcy. I would like to get a loan as a first time homebuyer. He owns a home. I have never bought one. Will I be able to get a loan 1 year after bankruptcy to purchase or home or should we purchase together? We make approx. 80,000 a year and we have both been at our jobs for at least 10 years. Thank you! |
|
|
savior70
Joined: 25 Mar 2009
Posts: 1774
Location: Florida
237.32 Dollars($)
|
|
Post subject: |
|
|
Hi
Have you been discharged from chapter 7 bankruptcy? To get loans on good rates and terms, you should wait for atleast 2 years after a discharge. Not many lenders would be interested in offering you a loan after a chpter 7 bankruptcy. Those who would offer a loan, will charge a high rate of interest from you. You can purchase the home together. But I think you won't be able to avail the first time buyer tax credit in that case.. |
|
|
tracy
Guest
0.10 Dollars($)
|
|
Post subject: refinenance |
|
|
| i want to lower my rent |
|
|
silverfox670
Guest
0.10 Dollars($)
|
|
Post subject: mobile home |
|
|
| please help refinenance |
|
|
jerry
Moderator
Joined: 17 Oct 2005
Posts: 1848
Location: MICHIGAN
283.45 Dollars($)
|
|
Post subject: |
|
|
Hi silverfox,
Are you the same person as tracy?
Well, I need some more information to understand what the issue is and whether or not a refinance is an option for you. What is your credit score, by the way? Do you have a stable income?
Thanks,
Jerry |
|
|
patfrank
Joined: 21 Apr 2009
Posts: 4
2.09 Dollars($)
|
|
Post subject: V.A. Loans |
|
|
| How does a v.a. loan worl |
|
|
cleeclee
Guest
0.10 Dollars($)
|
|
Post subject: I wolud like to remodel a home that has been abandoned. |
|
|
| How do I get a loan to do this? |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
|
|
Post subject: |
|
|
patfrank: to obtain a va loan, you must be a veteran. you can borrow up to 100% of the price of a home. rates are quite fair, equivalent with rates on fha and conventional loans.
cleeclee: "do this" means what? in order to get a loan at all, you must qualify. that means a lender must review your credit, your income and debts, you assets, etc.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
Brien
Guest
0.10 Dollars($)
|
|
Post subject: VA loan - refinanced |
|
|
I purchased a home back in '99 using the available VA loan option. Due to circumstances, I refinanced in '04, and am now paying on a conventional mortagage (with the dreaded PMI). My question is, could I have refinanced using the VA route?
I know it's possible to use the VA option if your prior use was 'assumed' but isn't that essentially what I've done is 'assumed' the mortgage? |
|
|
savior70
Joined: 25 Mar 2009
Posts: 1774
Location: Florida
237.32 Dollars($)
|
|
Post subject: |
|
|
Hi
You could have refinanced using the VA route through a streamline VA refinance or some other VA approved refinance programs. What I understand by 'assumption' is that this is a process of taking over the responsibility of mortgage from the original borrower. But when you refinance I don't think you take over the loan liability from someone else. So, I don't think you 'assumed' the mortgage when you refinanced the loan. |
|
|
k9iamnot
Guest
0.10 Dollars($)
|
|
Post subject: shark loan |
|
|
| i borrowed 48,000.00 dollers from a morgage broker at 14% intrest and a one year morgage i was despert at the time so for i have payed back 21,000.00 and still owe 33,000.00 the home i put up for calatearl is not even worth 50,000.00 is this a legal process and is there a loan that i can qulify at a lower intrest |
|
|
Previous 1 2 3 4 5 6 Next 
