More Information on Getting a Home Loan with Bad Credit

Your credit score is 550 and dropping, you live inwater front condos in Oakland are great) Yes, the
northern California where the average home price isinterest rate is higher for sub-prime loans, however,
$600,000. The good news is your new career has aafter you pay your mortgage (on-time) for 12 months
high income level and you earn between $7,800 toor more, you can qualify for a lower rate. Talk to your
$8,200 per month.You are single and your tax lady toldMortgage Broker and be sure to get a loan (if possible)
you to purchase a home or plan on paying Uncle Samwithout a pre-payment penalty.(Check with your city to
20% or more of your income each month. You havefind out if they offer a First Time Home Buyers Down
nothing against Uncle Sam, but you don't want to givePayment Assistance Program)Keep driving your old
up $1700 to $1900 a month.Your credit score is lowtruck and when you refinance your primary residences
because of the divorce, there was no alimony or childin 12 months, you might want to purchase a small
support involved. So now you are wondering, who'sinvestment property for rental purposes as well .......... do
going to give a truck driver, with poor credit a homethis every 18 months and before you know it you will
loan?There are Lenders called Sub-prime Lendershave a solid seven figure net worth..... and just to think
who make loans to people with sub-prime credit. Youyour wealth building started out with a credit score of
will need to pay your closing cost and perhaps you550!This short article was written by Cassandra
can locate a seller who will finance the down payment,Ingraham, Home Loan Specialist for Taxes Will Travel
or if you purchase in Oakland, California, the city willspecializes in reducing Tax liability through home and
provide a $50,000 Down Payment Assistance. (Theinvestment property ownership.