whats the best way to buy a house with little to no maybe even bad credit and you dont make that much, but will have a friend helping you out with the bills.
211250
Find out exactly what your credit scores are from all three bureaus and exactly what is on them, both good and bad.\n\nIf your score is above 580, you have a good chance of getting approved with no money down.\n\nIf you have at least 3 tradelines (bills showing up on your credit report) that you pay, on time, every month for at least a year, you stand an even better chance.\n\nIf you don't make enough money to qualify on your own, your friend will also have to be on the loan.  The lender will usually use the score of whoever makes the most money.  If your friend has credit issues too, they will need to be taken care of just like yours.\n\nTalk to a mortgage loan officer you trust.  Talk to several.  If you're in Ohio, talk to me, I'd be glad to help.\n\nA good loan officer will tell you what things you need to do to qualify and will guide you through the process.\n\nGood luck,\n\nLeah
382811
If possible pay more than the min due.  If you pay the min due it will be like that forever and you will pay tons in finance charges.  To you have any assets you can use?  if you have a  house take out a line of equity on your house to pay off your bills.  your payments wont go up much for 4,000.  this will help your credit to clear all those credit cards.
605783
The first place to look is a mortgage broker. Many mortgage brokers have several programs to choose from including for people with bad credit. Also, pull a copy of all 3 credit reports. this will allow you to get a complete picture of your credit without taking a hit on your credit score. You can even take these with you to meet with the mortgage broker and then he or she will be able to provide more direction. You should know what you can afford before you go looking for a house. Plus don't be afraid to take a smaller investmetn than originally planned. Home ownership builds credit as long as payments are on time and consistent. This can lead to your dream home.
23403
If you have the cash and available credit, buy one home with the cash and put your availble credit towards a rental property, which will eventually pay for itself. Just a thought. :)
265428
Yes, that is the best way to use your credit card. HOWEVER, check with your credit card company and see when they update your credit report.  \n\nExample: You carry a $505 balance on your $500 credit limit card. The company updates your credit on the 19th of the month. You pay on the 20th and run the balance up again to $504. You make a payment on the 7th and again run the balance up to $504 by the 19th. \n\nThe balance on the card as of the 19th is what is reported. If you are consistantly over or at your credit limit monthly this will lower your score. If you setup a plan to pay in your mind based on the "update date" you'll keep your credit score as high as possible.\n\nRemeber it's best to keep your balance at or below 30%-40% of your credit limit.\n\nCONGRATS & GOOD JOB ON PAYING OFF YOUR CARDS EACH MONTH!\n\n______________________________\n\nCAROLINE SIMMONS\nREALTOR® & Affordable Housing Specialist\nO. 866.894.3601 ~ C. 404.787.8685 ~ F. 404.745.8019\nE. caroline@premyiergroup.com\nW. http://www.premyiergroup.com
370124
The cheapest way is to have at least 20% of the down payment saved up before purchasing your house.  Not only will you have a smaller monthly mortgage but you will avoid paying Private Mortgage Insurance every month.  \n\nThe best way of looking for a house is to find an area that you want to live and do some research of the area via the county's auditor website for recent sales and by searching listings via realtor.com or other realty firm's website.  \n\nAlso by subscribing to a legal newspaper you can get the heads up on who is getting a divorce, who died, and who's home is in foreclosure, or filed for bankruptcy.  These circumstances often lead to substantial savings if the owner is willing for liquidity.  \n\nGood Luck.
448460
You would only be responsible for the account you sign for as a co-signer.\n\nIs there any way, though, your friend could sign up for a "bad credit" credit card, which starts with some fees and low limit but which increases the limit regularly if the payments are made on time?  (Aspire and Imagine are two that automatically increase the limit.)\n\nOr else, could your friend sign up for a secured card (put money in up front and rebuild credit by using it properly)?\n\nNormally - and as far as I know - you would be added to the credit card account as a joint account-holder.  I think you should think a really long time before you do this because no matter how much your friend may plan to manage the card wisely things do go wrong - and you could end up with being responsible\n\nIf you do a search for secured, partially secured, or bad-credit/beginner credit cards you should come up with some people who may consider giving your friend a credit card as long as your friend as the income each card requires (which is pretty low - like $1000 a month or $1200 a month).  If he/she doesn't have that much each month the chances that a "mishap" will occur are high, so, again, you should think carefully about doing this.\n\nPeople with bad credit rebuild their credit all the time by themselves and without a "co-signer".
576561
Easy short answers:\n\n1. find people who are having difficulty paying their mortgage or have been served a notice of default. Your local paper, people trying to rent their house and it's not renting, online servcies and such are your source. Just put yourself in their mindset and you will know where to look. \n\n2. You will need to determine the value of the house and how much equity (if any) is in the house. If equity, then you draw up a contract giving you the option to purchase the house. It's called an "assignable purchase option contract". Let's say you negotiated to give the owners 2k to move out and they have 30k in equity in the house. You now sell your contract to an investor for 5k. You just made 5k. Investors can be found by calling the "we buy houses" numbers you see advertised everywhere. \n\nThis whole transaction should have cost you $1 out of your pocket and no credit. Do a search on "assignable purchase option contracts" for more info on how that works and you can download a purchase option contract form for free (you just have to make it assignable) from http://www.firsttuesday.us/Downloads/form161.pdf . To make this contract assignable, you should add an assignable clause and put the following words after your name "and/or assigns".\n\nOne word of caution, check your state laws to see what legal forms you might need to purchase property from people who are in foreclosure and have equity. For example, we have a form in California we have to give or we can be sued. \n\nAlso, in number 2, if the property has no equity, you still can work out a deal, but that will require cash money (called a "short sale"). You can sell your leads of no equity to investors as well. They usually pay anywhere from $250 to $1000 per lead. \n\nGood luck. Investing is a great job because you get paid to help other people.
211361
Your can buy a house with poor credit owner finace and pay 54% interest and never pay it off its nothing more than a scam.*\n\nWhen you get behind they put you out than turn around and sell it again but they keep you large down payment. Its legal instead of being a sum-lord they or sum financers.\n\nI bought a home through Coldwell Reality last year and the bank they back track your rental and credit history 10 years a house is the hardest thing in this world to buy.
178622
Apply for a credit card. \n\nIf you get one, great. If you are declined, you may be able to obtain one by putting money down, usually about $100 or so. This is known as "securing" the credit card. You'll have a low credit limit.\n\nOnce you begin to charge purchases, make sure you can pay the balance in full since interest rates can be quite high. It's much easier if you don't use the card much each month! Your credit will improve the longer you keep your account open and pay at least the minimum each month.\n\nHope that helps :)\n\nAlso, obtain copies of your credit reports from each of the three credit bureaus. They're free once per year. Go to http://www.freecreditreport.com/
212262
A) be sure they knew it was a loan. They might not be aware of it.\n\nB) Talk it over with your friend, in a "Hey, money is getting kind of tight for me right now, how are things for you guys? Would it be possible for you to say, start floating me 50 bucks a paycheck or something? It would really help me out."\n\nC) Remember, there is no way to not sound like a jerk. Because that depends entirely on what kind of people they are. Also, a good rule of thumb when loaning out money, is to never actually expect to see it again. Try, yeah. But don't be surprised when it never appears again.
515596
see if the other person would refinance with you get a fixed rate see if it goes lower than what you are paying
519588
If you have credit without bad mark on it I am sure you can get a loan from a private source(bank or person).  Also depending on how much you need you maybe able to use other options like credit cards.
340025
Some of your question depends on whether you have some special circumstances, but you don't mention any in the question.  Here are some things to do:\n\n1.  Go to your lender and explain the situation, and try to come up with a payment plan you can live with.  The lender doesn't want to foreclose unless it has to, especially in a down housing market like we have now.  But if you have not been in touch with them, they have no idea whether you are trying your best to get current or whether you are just a deadbeat.  So, go and meet with the bank or lender.\n\n2.  Find a credit counselor.  NOT a commercial service that charges a fee:  Those are complete rip-offs.  You want a non-profit credit counseling service run by lenders.  They can help mediate for you and can often work out a payment schedule like I described above.\n\n3.  If you are too far behind, see if you can sell your house.  It is much better to sell and start over with a clean slate than it is to lose the house in a foreclosure.  Then your credit will be ruined.  But a sale is just a sale.  Depending on how long you have been in the house and how much equity you have, you might even walk away with some money in your pocket.  Talk to a real estate agent TODAY about how much your house might sell for.\n\n4.  If worst comes to worst, think about whether you have friends or relatives who could buy the house (either now or at foreclosure) and then resell it.  This can work two ways.  If you are in a temporarily down market but the house and the neighborhood are basically good, then they can buy the house and sell it to an outsider without the pressure of a foreclosure hanging over everyone's head.  Otherwise--and this is true right up through the foreclosure itself--they may be able to buy it and then re-sell it to you; they would essentially become your lender.  And it doesn't have to be one friend.  If you have 5 or 6 friends or family members who can buy it together, it will work the same way.\n\nYou are in a tough situation, but there is hope if you act fast.  Good luck!!
623152
There are various ways to get 2-3K.\n\nEasiest and probably the best is a personal loan, or personal line of credit from a bank.  Often it is best to build up a report with your current bank.\n\nIf you own a home, you could get a HELOC.  HELOC = Home Equity Line Of Credit.\n\nYou could borrow from a money lending institution such as Moneytree or the like.\n\nYou could get a loan from a friend or family member.\n\nIf the item you are purchasing or using the money for can be used as collateral you could get a secured loan.  Such is the case for automobiles, boats, motorcycles, etc.\n\nHope this helps you some, and gives you some options.
154992
www.naca.com\n\nThey are a non-profit organization that helps people in your situation.  They will work with you to improve your credit and get financially stable (though your own hard work, mind you!).  They do their own lending.  So when you are ready to buy, you work with a NACA approved realtor and NACA funds the deal.  You don't need a big downpayment and their rates are usually a little less than a bank would charge you.  \n\nThey got their money through a settlement against Fleet Bank for predatory lending.  Their whole focus is on helping people get their foot in the door of owning their home because it's one of the biggest ways to stabilize yourself and get financially secure.  Good luck, hope the info helps!
209953
I do loans for people with bad credit all the time- and some are really bad.  Your best bet is to have a mortgage professional review your credit, income, and savings and they will be able to tell you what you qualify/ or not qualify for.