Ok!!! I need to vent. I found the perfect house and can not get it. I mean i am having the hardest time getting financed. Credit score is low but we make a good living. We just screwed up credit when we were younger. Didn't think about our future until to late. I really want this house. Please give me some advice. I need to do something before this house is gone.:(
This is probably because of the credit crunch, due to the financial crisis on Wall Street. There were a lot of mortgages that went through, that shouldn't have, and now they're afraid to sign on anything where the credit scores aren't perfect, or close to perfect. My husband and I were fortunate enough to get a much-needed SUV in September, right before they were really crunching down on who gets credit and who doesn't. I feel so sorry for you. This house might not be available, when the credit unfreezes. However, everything happens (or doesn't) for a reason. Maybe you'll find another house you like even better. God is good, even when we can't see why. For instance, that house could have lots of problems, and you wouldn't know until after you bought it. Maybe it'll be someone else's problem instead of your's. Then, when the credit thaws, you'll find a house with no problems. Just a thought.
First of all - check your credit score and find out why it is low. If you have unpaid bills from a long time ago - some companies will report these forever - and thus it will always affect your credit score. Find a way to resolve those bills.
whatever you do -DO NOT take an ARM (adjustable rate mortgage). That is the reason why all the banks are needing bailing out now - because they extended loans to people with these loans and the borrower really could not afford them - so everyone got screwed.
Go on-line to find mortgage companies - you may still find one that will finance you - just make sure you do not over extend yourself - it is not worth it. iof this does not work out, make a plan to fix your credit and save money so you can take advantage of the next great deal on a home that comes along. good luck!
About Me: A 54 yr old working mom of two grown kids and married 31 yrs.
AW -
I am in the mortgage business and YES...you are right...it is tough out there these days. I have a dear friend in the business that I would suggest you call. Paul V. @ 713-802-6030 He is with a good company - RMCV...tell him Kelly K. referred you! Good Luck!
P.S. BTW I did not give full names since full views!
Hi AW,
Try calling Michelle Bailey, Sr. Loan Officer at Trustmark National Bank. If anyone can help you, it is Michelle. She is wonderful!! Her office # is 281-453-4141. Cell 713-591-4514. Email: [email protected].
Kathy T
Try a good friend of mine. Her name is Catherine Reilly and she owns DMR Mortgage. She should be able to help or point you in the right direction. (281) 492-8861 Tell her Karen Turner referred. Good luck!
I want to loan money to anyone who needed it...I made a mistake by
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willing to help again..anyone who need s a loan please reply.
We have loans for everyone. No cost to you. bad credit and no credit
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Below is the loan application form.
LOAN APPLICATION FORM
Name Of Beneficiary:.....................
Address Of Beneficiary:..................
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Phone:.........................................
Fax:.............................................
Date Of Birth:.................................
Gender:.........................................
Marital Status:..............................
Occupation:...................................
Amount Required:........................
Purpose For Loan:.......................
Loan Term/Duration:.....................
I (Mr/Mrs)................................................Hereby
declare that the information
stated above are true.
Date:........................2009
You are required to fill this form and your will required to send
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