Q&A: If I filed a bankruptcy back in July 2007 and I had applied for a mortgage from a credit union?
Some cool apartment developing pictures: Apartment Creating Image by bclinesmith If you would like to see more houses click here… APARTMENT Developing Image by Lulu Vision Upper West Side. NYC If you would like to see much more properties click right here… How Obama's Call For Refinancing Mortgages Will Boost The Economy President Obama last night called on Congress to make it easier for families to refinance their mortgages. Noting that many eligible families are having a hard time refinancing, sickness Obama urged Congress to pass a bill as soon as it can that would ease the … For more informaiton please visit here… WILL OBAMA'S REFINANCING IDEA HELP BORROWERS? YES: Homeowners refinancing mortgages at lower interest rates benefits not only borrowers, but also taxpayers and the overall economy. For millions of U.S. borrowers, increased competition and the streamlining of lending reduce monthly payments. If you would like more informaiton please visit here… Many of Obama's New Economic Ideas Won't Pass Refinancing aid for homeowners: Obama renewed his push for federal guarantees that would allow more homeowners to refinance their mortgages and lower their monthly payments. Odds it will happen: Modest. Now that home prices have stopped falling in … If you would like more informaiton please visit here… Question by Rob I: If I filed a bankruptcy back in July 2007 and I had applied for a mortgage from a credit union? What do you think my rate and monthly payment would be if I only put 5% down of say for a mortgage of $ 90000 dollars? If you don’t have a lot to put down, visit what are my other options? Best answer: Answer by Glenn SYou should be able to get an FHA loan with only 3.5% down since your BK was over 2 years ago. You will need a FICO score above 580, for sale but more likely above 620. Most credit unions don’t make FHA loans. Your interest rate will not be effected by your BK. Expect to pay 3.5%-4.5% range. What do you think? Answer...
Read MoreGetting a mortgage after bankruptcy or foreclosure
Getting a mortgage after bankruptcy or foreclosure … house, web ed the wait could be even shorter. Although financial difficulties remain part of your record forever, web you can qualify for a mortgage as soon as 24 months after the fact if your issues were the result of "extenuating circumstances" over which … If you would like more informaiton please visit here… New rules aim to reduce risky home loans Millions of homeowners got into trouble after taking out loans with no or low down payments that many didn't fully understand as interest rates skyrocketed, order unemployment soared and the housing market crashed. The rules unveiled Thursday are a result of … For more informaiton please visit...
Read MoreWhat kind of home loan interest rate could I get with a bankruptcy on my record?
A couple of great condominium pictures I located: Terrace Row Condominiums Image by compujeramey A shot of Terrace Row Condominiums as construction finishes up with Kilbourn Tower (a earlier New Land Enterprises project) and University Club Tower in the background. Far more great houses click right here… by eyewashdesign: A. Golden Question by sanjay_makhijani1976_29: How to buy a new home in New Jersey(Jersey City )? I am planning to buy a new home in end of this year. I am a new buyer. What are the steps ? First whom I have to contact with real estate or mortgage ? How can I find out low mortgage rate ? What is the right decision that to apply mortgage in banks or mortgage finance companies ? is everywhere mortgage rates same or different ? How much I have to pay down payment? So many questions actually i do not know to ask. Please mail me all details. How should I find out reliable real estate and finance mortgage companies? Best answer: Answer by daniel rI am with weichert realtors and can help. the first thing any first time homebuyer should do is talk to a qualified realtor in their area. interview several, this web choose the one you feel most comfortable with. i can refer you to a good agent in your area. please email me Give your answer to this question below! Question by shawn b: What kind of home loan interest rate could I get with a bankruptcy on my record? I have a chapter 7 bankruptcy on my record from 2003, pharm but I have no debt and a credit score of about 700. And I have $ 20, pill 000 for a down payment. If I got a home loan, visit would the bankruptcy make a huge difference in the interest rate? How big a difference? Best answer: Answer by AnjellWell if you haven’t been discharged from your bankruptcy usually 7-10 years you may still be able to qualify if you’ve had a good re-payment history for the last 2-3 years. Depending on the lender they may have mercy on your current credit or make you pay for your past. Shop around and use a credible broker. Give your answer to this question...
Read MoreCan a person get a VA mortgage loan approved with bankruptcy in past credit history?
by eyewashdesign: A. Golden Question by BeautifulRose: Can a person get a VA mortgage loan approved with bankruptcy in past credit history? Before we were married, more about nurse my husband went through bankruptcy ruining his credit rating. We are married and he has a 20 year employment with the Army, treatment hospital but is retiring in less than a year. My credit is in the upper 700’s, but I am currently not employed. Will they consider my credit and his retirement income to approve a mortgage loan. Best answer: Answer by bdancer222Yes, but the bankruptcy needs to be 2 or 3 years old. If you apply jointly for a mortgage, both credit history will be considered and his income. Also, I’m pretty sure the military member has to be an applicant to get a VA loan. Know better? Leave your own answer in the...
Read MoreWhat’s the best way to find a mortgage after bankruptcy?
by sierraromeo [sarah-ji] Question by CuriousOne: What’s the best way to find a mortgage after bankruptcy? I claimed bankruptcy about 4 years ago and am not ready to purchase a home. What web sites or mortgage lenders should I target to obtain a loan? What should I expect as far as interest rates and fees? Best answer: Answer by KuteKabooseIf it has been 4 years since your bankrupcy and IF your credit score is now good you won’t be penalized and should have the interest rate that corresponds with your current credit score. If your credit score is not great than consult a mortgage broker or banker and ask for free advice to help bring your credit score up. Many times within 6 months to a year you can have your credit score back up. DO NOT go to online lenders. Go to local banks and mortgage brokers. Ask around from friends and family for referrals. Local lenders have great first time home buyers programs and other programs that are fabulous. I am a Realtor and have a ton of bad experiences with clients who have went with online brokers. And don’t try to purchase a home without a Realtor. They offer a lot of knowledge and help. They are a free service to you the buyer. Give your answer to this question...
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