Real Estate
January 18, 2020

Can you get a mortgage with bad credit?

Many mortgage companies along with the internet would have you believe getting a mortgage with bad credit cannot happen. It is true the process will be more difficult and challenging, but it is not impossible. If your desire is to refinance your property or buy a home with less than perfect credit the following information will be of pertinent value to you…

 
More Stories
>> Six common mortgage loan scenarios >> How the FHA 100-mile rules your ability to rent or buy >> How to plan the optimal time to buy a rental property >> Changing income and job status may affect mortgage chances >> A factor that can drive your mortgage cost up >> How child support and alimony can affect your ability to get a mortgage >> What to look for when getting a mortgage on a manufactured home >> Why getting a 30-year fixed-rate mortgage is a smart financial move >> How to lower your cash to close when buying a home >> What you need to know about securing a VA mortgage >> Mortgage payment relates to purchase price >> What to expect mortgage rates to change in the upcoming months >> Loan limits for 2020 make getting mortgage easier >> Three reasons to buy home at end of year >> How to get a mortgage without providing tax returns >> The new way to get a mortgage with 1 year income tax returns >> Four common home buying mistakes to avoid >> How to create wealth with your income and finances >> Should you buy a house with monthly mortgage insurance? >> 2019 conforming loan limits rise >> FHA loan limits for 2019 increase >> No more VA limits in Jan. 2020 >> Should you cash out to refinance What makes the most sense? >> Three pricey loan scenarios to watch >> A surefire way of making loan process a hassle >> Three reasons you should not buy a home >> Types of loans based on credit score >> Three quirky issues that will hurt your mortgage >> Seven common mortgage mistakes >> Why your mortgage payment keeps changing >> The credit score it takes to get a mortgage >> What to expect in today’s loan process? >> How 1031 tax-deferred exchanges work >> Six to avoid when purchasing a home >> How to use rental income to qualify for a mortgage >> Mortgage inquiry makes your credit score drop? >> Why waiting for mortgage rates to get better is a losing proposition >> Transfer property to family and be protected under Prop 13 >> FHA requirement might hurt buying chances >> Purchase price should not be most important factor >> Finances matter when buying a home >> Could the 30-year fixed mortgage get to 3 percent? >> Mortgage rate sounds too good to be true >> How the mortgage process gets ugly if you have a difficult picture >> Should you go FHA or conventional for purchasing your first home? >> Two mortgage process problems you will want to avoid >> Home value when refinancing >> What you need to know about the mortgage 4506-t document >> Don’t make mistakes when getting a mortgage refinance >> A non-traditional program for self-employed mortgage borrowers >> Should you buy and build or buy a single family home? >> How expensive your mortgage will be due to bad credit? >> The loan process and what not to do >> Should you refinance with today’s mortgage rates? >> Be careful getting a mortgage if you have a bankruptcy >> Cash-out refinance or home equity >> Lender knows how to purchase business? >> Read the fine print >> Cash to payment formula when buying a home >> A bank statement program might help get a mortgage >> Pulling credit may not make sense >> Why the VA mortgage is the best home loan >> Can you use roommate income to get a mortgage? >> Best benefit for your first-time home buyer >> A loan program you may be eligible for based on your credit score >> Be wary about paying off this type of mortgage >> Common questions on financed mortgaged insurance loans >> Things that affect your first-time buyer mortgage options >> Self-employed income >> The #1 mistake consumers make when getting a mortgage… >> How much are closing costs when you purchase a house? >> Two mortgage loan programs get a better interest rate >> How much of your mortgage income should be going towards an auto loan? >> Five quirky refinance scenarios that work >> Working two jobs makes now easier to get a mortgage >> How mortgage lender credits work

Six common mortgage loan scenarios

For some people getting a mortgage can be very challenging based on their financial profile. Following are some things to consider if your financial profile needs some extra work and attention

These are not all, but these are just some of the scenarios that can mortgage companies often see…

How the FHA 100-mile rules your ability to rent or buy

FHA Loans are one of the most flexible loan programs available in the US housing market today. They are incredibly flexible, only require a 3.5 percent down payment and offers very makes sense underwriting. If you’re looking at an FHA loan, however, and you already own a house and you’re desiring to borrow money to buy another house. This FHA guideline may come back to bite you…