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More Information on Getting a Home Loan with Bad Credit

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




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