Welcome to Bad Credit Mortgage Help. We are advocates for people with past credit problems and experts at helping people with imperfect credit qualify for a mortgage with reasonable terms. We offer Home Loans for people with past credit problems at the Lowest Mortgage Rates in the country. We have decades of experience with many Bad Credit Mortgage programs such as FHA Home Loans, VA Home Loans, FHA Streamline Refinances, VA Streamline Refinances, USDA Rural Housing Loans and more.
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JULY 2008
July, 2008 Help Save Down Payment Assistance!
Down payment assistance programs have help millions of Americans acheive the dream of home ownership. However, the new housing rescue bill that is set to become law on October 1st will do away with all private down payment assistance programs, effectively ending the dream of home ownership for millions of Americans who need this program in order to buy a home.
HR 5830 appears to be headed to law as soon as next week, as the bill has passed through Congress and now must be signed by the President. The bill will ideally help homeowners bail out of bad loans and negative equity situations. It still remains unclear as to what format the final law will take and who the proposed government-backed programs will help.
To be alerted as to when this law can help you, ...
If you are seeking to obtain a mortgage, one of the most important things that lenders will be looking at is your employment.
Both history and probably of continued employment are critical in order to qualify.
Generally speaking, lenders want to see a 2 year history in the same line of work. You can have different jobs within that same field, but a history of 2 years in that field is desired. If ...
Hundreds of thousands of home owners, especially first time home buyers, have used down payment assistance programs to help them get into homes with little cash out of their pockets. Despite the fact that these programs have helped so many people become home owners, the US government is trying to do away with them.
Citing the fact that deliquency rates are 3 times the rate for homeowners who invest their own money into a ...