| Your credit score is 550 and dropping, you | | | | Oakland are great) Yes, the interest rate is |
| live in northern California where the average | | | | higher for sub-prime loans, however, after |
| home price is $600,000. The good news is | | | | you pay your mortgage (on-time) for 12 |
| your new career has a high income level and | | | | months or more, you can qualify for a lower |
| you earn between $7,800 to $8,200 per | | | | rate. Talk to your Mortgage Broker and be |
| month.You are single and your tax lady told | | | | sure to get a loan (if possible) without a |
| you to purchase a home or plan on paying | | | | pre-payment penalty.(Check with your city to |
| Uncle Sam 20% or more of your income each | | | | find out if they offer a First Time Home |
| month. You have nothing against Uncle Sam, | | | | Buyers Down Payment Assistance Program)Keep |
| but you don't want to give up $1700 to $1900 | | | | driving your old truck and when you refinance |
| a month.Your credit score is low because of | | | | your primary residences in 12 months, you |
| the divorce, there was no alimony or child | | | | might want to purchase a small investment |
| support involved. So now you are wondering, | | | | property for rental purposes as well |
| who's going to give a truck driver, with poor | | | | .......... do this every 18 months and before |
| credit a home loan?There are Lenders called | | | | you know it you will have a solid seven |
| Sub-prime Lenders who make loans to people | | | | figure net worth..... and just to think your |
| with sub-prime credit. You will need to pay | | | | wealth building started out with a credit |
| your closing cost and perhaps you can locate | | | | score of 550!This short article was written |
| a seller who will finance the down payment, | | | | by Cassandra Ingraham, Home Loan Specialist |
| or if you purchase in Oakland, California, | | | | for Taxes Will Travel specializes in |
| the city will provide a $50,000 Down Payment | | | | reducing Tax liability through home and |
| Assistance. (The water front condos in | | | | investment property ownership. |