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, 2008 Refi Opportunity Ahead
If you missed out on the last refinance opportunity in March this year, don't worry because another opportunity could be in store for next week. Weak economic data including the worst consumer confidence numbers in 26 years, is leading to lower rates today, and the trend could continue into next week.
The technical patterns we are seeing are similar to what happened prior to the last two dips in mortgage rates. Many of our ...
There are many reasons why foreclosure rates have skyrocketed over the past year.
The most common culprit has been decreasing home values that have put many home owners in a position where they owe more on their homes than the home is worth. Faced with an ARM mortgage that is adjusting upward in payment to the point where they can't afford the payment, home owners in this position have no choice but to foreclose ...
If you are one of the millions of Americans nationwide who are in trouble due to the current housing crisis because you owe more on your mortgage than your home is worth, help is on it's way!
HR 5830 is a new bill being voted on in congress this month. The legislation will help home owners who are overmortgaged refinance into a low fixed rate mortgage in order to save them from foreclosure.
A new credit scoring model by Fair Isaac Corp (FICO), the most popular and widely used credit scoring system, will be rolled out soon in an effort to more accurately portray consumers likelihood of repaying debts.
The model will downplay the significance of occasional derogatory items for consumers with an otherwise clean history, but will penalize repeat offenders more harshly. Also, the new scoring system will give more points to consumers with a good ...
Your credit isn't bad- it just doesn't exist. You don't believe in credit cards, auto loans, student loans, or any other kind of debt. If you don't have the money, you don't buy it!
This is not a bad way to live. You are assured to not go into debt and get into a bad position.
There has been increasing discussion in congress and the white house about modernizing the FHA mortgage program in an effort to help millions of home owners avoid foreclosure and get into a stable, government-backed mortgage.
FHA has been around for decades, and is known for helping people with spotty credit records get into a home with a stable, 30 year fixed mortgage. Although FHA does have looser underwriting guidelines than many programs, there ...
The USDA Rural Housing home loan program has been a popular choice these days. The program has flexible underwriting guidelines and can help some home buyers get into a home with nothing down at competitive rates.
Some of the highlights of the USDA Rural Housing program are:
No down payment requirement
Can finance up to 102% of home's value or sales price
posted by RJ Baxter April 11, 2008 13:13 | permalink | comments(0) | Market CommentaryMarch, 2008 VA IRRRL Streamline Refinances Increasingly Popular
VA IRRRL refinances or "streamline" refinances have become very popular in recent months with fixed rates dipping into the 5%'s.
VA mortgages remain one of the best programs available in the marketplace today. As underwriting standards tighten up and loan programs continue to go away or become greatly reduced, VA has remained steady. It is still possible to borrow up to 100% of the purchase price or appraised value of your home through ...
