Posted on: 28th Dec, 2008 09:15 am
is there anyone who can help with this question
Hi neptunesdesire!
Welcome to forums!
You haven't mentioned your credit score in your post. Keeping in mind the present market situation, lenders are not offering mortgage to people with a poor credit score. However, you can check out for the FHA loans. FHA loans are available at a credit score of 580 as well. But in order to get a mortgage at such a low rate, your credit report should have no late payments or collections.
This community also has a large number of lenders. You can speak to them and seek a no obligation free mortgage consultation from this. This will help you to know the market rates and terms.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
You haven't mentioned your credit score in your post. Keeping in mind the present market situation, lenders are not offering mortgage to people with a poor credit score. However, you can check out for the FHA loans. FHA loans are available at a credit score of 580 as well. But in order to get a mortgage at such a low rate, your credit report should have no late payments or collections.
This community also has a large number of lenders. You can speak to them and seek a no obligation free mortgage consultation from this. This will help you to know the market rates and terms.
Feel free to ask if you have further queries.
Sussane
Hi Neptunesdesire,
How poor is your credit? what's your score like? And why do you wish to take out a 40 year or 50 year mortgage? I mean the time period is too long, isn't it? Tell us more about your plans and your situation? That'll help me give you some concrete suggestions.
Regards,
Jessica
How poor is your credit? what's your score like? And why do you wish to take out a 40 year or 50 year mortgage? I mean the time period is too long, isn't it? Tell us more about your plans and your situation? That'll help me give you some concrete suggestions.
Regards,
Jessica
