Will I be able to get a mortgage with bad credit? I have 40K as a down pay for a $120 K house?
I want to know if I will be able to get a mortgage from anywhere even though I have very bad credit from the past. I have $40 K for a down payment and the houses I am looking at are around $120k.
I do have a full time job grossing $700 a week so what am I looking at here?
Tags: 120+, able, Bad Credit, credit, down, Full Time Job, house, houses, mortgage
8 Comments at "Will I be able to get a mortgage with bad credit? I have 40K as a down pay for a $120 K house?"
Maybe you shouldn’t have bad credit fool.
Have fun!
please read a paper,watch the business news for 5 seconds,come back and tell us how to answer your question…
If you are willing to put up that much cash as a down payment I would say most lending institutions would welcome you
Did you read today’s news. One in every 390 homes has failed to meet their Mortgage payment and unemployment is 9.4%
What is the Solution?
Buy a nice Fifth Wheel camper trailer and a Pick Up. You have more than enough to pay one off and If you have to bail out because of Economic Troubles. Take YOUR HOME and book it outta there. But you STILL have your house. . .
I think so. Any bank worth their salt will welcome your $40k. If you default they will get to keep a home they only paid two thirds for.
If you have bad credit it is not really recommended to get a mortgage due to the high interest rate that they are bound to slap on you even with today’s low rates. I work for a credit restoration company and depending on how bad your credit it i might be able to assist you in getting a better credit score. feel free to contact me at m.asrat@yahoo.com or 4086673247
creditreport.imess.net – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
you may get a mortgage with bad credit. Check out this site
http://easymortgageadvisor.blogspot.com/