How can I get a mortgage with bad credit in New York?

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I pay the same amount of rent that I paid for a mortgage and I would really like to have a house. I know there are loans for bad credit, but I fear that I choose the wrong one. I know I should not have bad credit in this area but I am now better able to manage my finances and have a stable income. I know what would be home now I just need a good mortgage available. I do not want to jeopardize my family and at the end are wrong Darlehen.Ich 25,000 in savings for a down payment, I realize I need more …… to avoid PMI. I intend to stay in the house for an extended period.
Guess who this safely by another great moment. white film and better from now on bail.

11 Comments
  1. Reply
    thinking-guru
    February 23, 2011 at 1:57 am

    If your credit is bad you will need a down payment. No 100% financing available if your credit it lower than 590. The down payment will be from 5% to 20% depending on your credit.

    So if you haven’t started saving already, start now and get a copy of your credit report so you know what to expect.

  2. Reply
    David L
    February 23, 2011 at 2:10 am

    You need to find a good mortgage broker that will work with you and explain the various loan programs that are out there. Don’t apply online because the online mortgage companies are usually just lead companies that will sell your info…and you are likely to be bombarded with calls.

    Do you know what your credit score is? How long do you expect to stay in the house you buy? How much can you afford to put down as a down payment?

  3. Reply
    ravi c
    February 23, 2011 at 2:36 am

    It depends upon the bank……….

  4. Reply
    rajesh k
    February 23, 2011 at 2:43 am

    If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.

    http://l4y.info/

  5. Reply
    Succes
    February 23, 2011 at 2:59 am

    No matter how bad your credit history, with a bad credit home mortgage loan, you can easily borrow money to finance your house. This helps you to buy a home, redecorate your home or consolidate your loans. This type of loan reduces your total monthly payment because of lower interest charges and liabilities. As this loan gets tax relief, your tax liability reduces.

  6. Reply
    Emmanuel F
    February 23, 2011 at 3:03 am

    I would love the opportunity to work with you to achieve the American Dream. My company is licensed in 48 states, and deal with over 200 lenders. Some of our lender includes Citibank,Countrywide, Chases and many others. Because of the many lenders we deal with, we are able to pull your credit once, deal with all forms of credit scores, and select a competitive deal that would beneficial to you.

    If you are interested please feel free to contact me at emmanuelfleming@yahoo.com, and I promise to contact within the next 24 hours.

  7. Reply
    Nestor Diaz-Green
    February 23, 2011 at 3:24 am

    Doubt it… but his side of the aisle better stop throwing good money after bad. The American Left has a bad, bad rep of wasting $ ‘s on Big Government welfare programs

  8. Reply
    Mike P
    February 23, 2011 at 3:59 am

    Ted Kennedy started the civil war, started HMOs, started deep discounts at Walmart, started break dancing, started disco dancing, started eating disorders, started teenage heartbreak, started scat singing, started the yodeling craze of 1976, started ballroom dancing and started Baskin Robins too.

  9. Reply
    regular american
    February 23, 2011 at 4:20 am

    Speaking of “required home loans”, shouldn’t we fire Barney Fwank and Chris Dodd for forcing the mortgage companies to give loans to people with no money and no jobs?

  10. Reply
    Ron
    February 23, 2011 at 4:36 am

    Ted kennedy’s biggest tribute to america and the poor will be when he ‘s gone. he is without a doubt one of the least effective and most lousy politician around sence his brothers.

  11. Reply
    Adam B
    February 23, 2011 at 5:15 am

    HMOs got their start thanks to a deal that Kaiser struck with none other than Richard Millhouse Nixon.

    And as a white person, I say: please, pack up and bail. We will be better off without you.

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