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.
To find out what you qualify for, please fill out our inquiry form to set up a free consultation.
May, 2009 Guest Authors Wanted
Bad Credit Mortgage Help is seeking guest authors to contribute to this blog. If you are an expert in an industry related to Bad Credit and/or Real Estate and would like to be a contributor to this blog, email us at info@badcreditmortgagehelp.org.
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More and more lenders are now requiring a 620 minimum credit score for any type of transaction. This is up from the 580 minimums we saw just a couple months ago.
The Hope for Homeowners program, part of the government bailout bill passed recently, was designed to help struggling homeowners avoid foreclosure. It was especially supposed to help those who were over-mortgaged on their homes to reduce the principal balance of their mortgage to reflect market home values.
The problem is, at least so far, that the program isn't working.
To date, less than 100 people have qualified for the program, nationwide. The problem ...
The recent announcement of the Fed's bailout of financial institutions will not be a cure-all, and we have seen that as the stock market has plunged since the announcement. However, the bailout package does give some hope to strapped homeowners who are overmortgaged on their homes.
If you owe more on your home than it's worth, now is the time to call you lender to try to negotiate a "modification." A modification means that ...
posted by RJ Baxter October 08, 2008 8:15 | permalink | comments(0) | Housing BubbleSeptember, 2008 Rates down on Fannie/Freddie News
The big news over the weekend was the government bailout of Fannie Mae and Freddie Mac, the mortgage giants who back over 50% of the nation's mortgages. The bailout is likely to have a positive effect on the housing market, but how is it affecting mortgage rates?
Well, the short answer is- rates are down, and sharply. We have not seen rates at this level since this past spring, when 30 year fixed rates ...
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You may have heard about the new $7500 tax credit available to first time homebuyers under the new Hope For Homeowners plan that the government recently passed.
On the surface, this seems like a great program, and it is as long as consumers understand it. The $7500 is a credit, not a deduction, which means you file for the credit as part of your 2008 tax returns, and will receive a check for ...
