Have outstanding debts, credit not the best how to get a mortgage and combine everything into 1 payment, help?
407239
If I am reading this correctly you want to purchase a modular and place it on a foundation that you have an dget extra cash to pay for some other debts you have? \n\nIn order for you to qualify for a mortgage you must contact a mortgage "Broker" They will qualify you for a mortgage based on your income, credit score, the amount of debt that you current have.\n\nIf your credit score, income and other qualifying items are ok you might be qualified for a 100% loan. In other words the lender will lend you the amount of the property you plan to purchase. You will have to come up with the closing cost in most of these type transactions. In some, they will allow the seller to pay the closing cost, but don't count on it at all. If you have a cool buyer you might be able to make a deal outside of closing that they reimburse your closing cost, but this is an agreement that is made under the table. I can not recommend this, but you may ask.\n\nIf you don't qualify for a 100% loan find out from you mortgage "Broker" how much loan and what percentage you are qualified for. See how close to 100% that you can qualify for. See if there is some creative financing the broker know of, normally they can get an extra 5-10% from another lender, again this depends on your credit score, income an other qualifying factors. \n\nAfter you have closed on your home or just before closing if you need additional cash you might be able to qualify for an additional loan of what we, in the industry call a 125 which is a loan that equals 125% of the value of your home, causing you to have a 2nd mortgage. You can pay off debts or make an addition or remodel your home with these funds. Your mortgage "Broker" who should be an expert in all loan products would know about the 125 loan, if not search for one that is knowledgable about this type loan. You should get both your loans from the same guy,that way it will save lots of time with credit reports, appraisals, escrow or closing agents as well as all the necessary title work.\n\nI hope this has been of some help to you, good luck
480079
if the purpose of your loan is to pay your debts. you are better of consulting an agency that helps you reduce all of your debts into one whole bill and pay a monthly fee. jus know that it will take a long time, pay a lot of interest but it can be done. i did it like that. or you can just find a relative with the cash and ask them for it.
135788
Depends how much you owe and what your credit looks like, probably not good right? Talk to a lawyer or someone who knows about bill consolidation.
599944
Talk to a local mortgage broker.  Sit down and go over your credit report.  They will be able to tell you what you can do to get your score up.  Sometimes its better to spend money on your credit instead of the down payment.  Sometimes its the other way around.  Sometimes there's another solution like putting someone else on the application with you.  \n\nIn general you should keep your open credit cards on-time and pay them down to half of their credit limit.  If you have extra cash payoff any collections you have from the last year or two.  \n\nOpen up your yellowpages and look under "mortgages".  Find a local phone number or an adress you're familiar with and go to town.
1004029
yes, you can get financing.  The costs involved, the interest rate, and the terms would need to be carefully investigated.  Be careful, there are lots of people out there who prey on the credit challenged.  You DO have choices.  Call me at 1-800 971-4638 extension 223, I'll try and steer you in the right direction.  I've been a mortgage lender for more than 20 years.  I just got a woman with a 577 credit score a FNMA loan.  So it is possible.
691054
Sorry you do not have enough time to up your scores much.\nFor one you do not owe enough on different accounts.  second just making your payments on time does not mean you are a good risk. By making only the required payment and no more shows creditors that you possibly are just making enough to pay that amount and no more.When making payments always pay more than the required amount a extra 5 to 50 per month looks great. get a few credit cards put something on them and do not pay off each month yet pay monthly about twice to three times the minimum due each month. this looks very good on your report.\nDue to my wife's health I filed for bankruptcy lost every thing we had and in 4 years I had built my credit score up to 700. To earn a good score this takes time and planning . As of today my score is 786. Good luck.
1064517
I am  a Mortgage broker and work with people in all possible situations  with their credit.\nI help people with fixing their credit, so I can get them into a loan.\nIn most cases you can and should do this on your own. It will save you allot of money and you can do it just as well if not better than someone else and in less time also.\nAll that is needed is for you to get a residential tri-merge credit report and look for the creditors that have collections or derogatory remarks against you. At the end of all tri-merge reports there is a place where the contact info for the particular creditor. call or write them for a settlement. in most cases they will settle with you for a reduced amount due, just be upfront and truthful with them and don't put up with any sh*t from them, Some can be real A$$holes (I've worked with many) \nYou can get a tri-merge credit report from any loan center for a small fee usually 10 to 15 bucks. it is a better report than those offered online and usually much cheaper than them as well\njust make sure it has all three reporting agencies on it\nEquifax, Transunion and Experian. You can e-mail me with questions if you need to. Info is always free.\nAlso I almost forgot. Most lenders will look at a consumer credit company the same way that they look at a Bankruptcy. I know it doesn't make much sence but they do also when you do establish credit you should never, NEVER pay off your credit card balances or loans all the way, keep them at about 20 to 30 percent of the maximum, for some reason when they compute the FICO score, if you pay off a line of credit, only the bad payment history stays, anything good disappears . \nEverything we where taught in school  about finance (as well as most everything else) is dead wrong.
1150310
I have flawless credit and this is how I did it. Start by joining a credit union or a bank. After a few months they will approve you for a small personal loan. Once you take out the loan, cash the check and pay it back in a few days. You wont get hit by the interest and they love to see you paying off your debts that soon. Repeat this process a few times, they should give you larger amounts each time, based on your repayment history. After a couple of years you will be well over a 750 rating. Also avoid racking up huge number on a credit card. That will only come back to haunt you. Also buying and paying off a car or home counts huge.
844691
Talk to your bank about getting a consolidation loan to pay them off, or put them all on one credit card so you'll just have one payment to send.
556857
so you have your own mortgage company?  I can probably help you steamline your process email me at taustin288@gmail.com and we can probably work out something
680378
It's clear you don't want to do it the old fashioned way or you might never have ended up with bad credit to begin with. However let me take devil's advocate position just for an excercise in fairness. Pay off your debt as fast as you can & then speak with the Small Business Administration. You'll find a ton of help there. While you're paying off your debt?, try working in the field you want to start up to gain insider tips  on how best to run that business.Look for the link Starting Your Business
533873
Try out A+ Financial their interest rates are really low and the payment are cheap. They even have free advisors come to your home to discuss it all with you. Depending on your debt ratio you might need a co-signer but it is a really good company... I went from paying 870/month on debt to 246/month for 5 years. Their rates are lower than 6%
754770
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.
78054
Pay your debts on time.  Obtain a secured credit card (deposit $250 bucks into a Citibank account and get a credit card with a $250 limit that grows as you pay off your bill over time and maintain a good credit rating).  Obtain a cell phone or any other solution that reports to a credit bureau (not too many just five or so).  Always, always, always pay your bills on time.  \n\nIt really comes down to living within your means, not strapping yourself with too much debt again.  Buy a Hyundai not an Escalade if you make $25,000 per year.  Save your money at least 10% of your earnings per month.  If you want to buy a home, plan to buy it, save every penny you can speak to a mortgage broker like me to understand what you may be able to afford once your fico is in check again.  You may be able to afford a home now and not know it.\n\nYou can send me an email if you have questions simply click on my screen name for my address if needed.
1116198
If you owe more than what you can comfortably afford to pay out than you have a few alternatives.  One (which I do not recommend) is bankruptcy.  Two a part-time job.  Three credit helpers (which I also do not recommend).  Four call your creditors and explain your situation ask them if they have a hardship program and what do you need to do to get enrolled in it.  Than look at your smallest balance and sacrifice to pay it off as quickly as possible.  This will mean the money you used to spend on that bill can go to someone else.  if you keep doing this you will be surprised how quick you can get out of debt.  Think about what is your ultimate goal her and than go from there.  Make sure that whatever got you into this trouble in the first place is something you have conquered.  The last thing you want to do is struggle to get out of debt and find yourself right back in it because you haven't learned anything.
984677
The missing pieces of this puzzle to quote solutions are credit score and value of the home. \n\nThere are many loan programs designed for debt consolidation. maybe a little guidance from the credit score side would be helpful...if we get your score as high as it could be it helps with rate / fees etc.\n\nI train loan officers and write a blog that can help you...check it out.
388631
Consolodate your debt. (get a loan to pay off all your debts) Arrange this with a financial advisor dont try do it yourself, they will get you the best interest rate. Arrange a longer period to pay this off. Cut up any store or credit cards. Budget and always ask yourself before buying anything "do I really need this", "will i be using it in a few months time" "why do i want it". This does help you re-evaluate your spending.