Bad credit, home loans?
We bank with WAMU, should we go through them for a home loan?
Public Comments
- Since they know your financial situation best, I'd say they may be able to help. Everyone you apply with will be looking at the following: Past rentals- How long do you stay at a place. You need at least a year at a place. Job- How long have you been there? Your pay and how you are paid. Creditors- If you have credit, what is your score hopefully at least 600 and that's about as low as I've seen bankers accept. They will call your current creditors for a payment history comment. Just remember this. It is my experience that every time you apply for credit; be it for a house, car, new appliance or whatever, it dings your credit report. Just thought you may want to take that into consideration. Ask a lot of questions before actually applying.
- No, I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. ADDITIONALLY, IF YOUR CREDIT IS SUSPECT, THEY SOMETIMES FRONT THE MONEY TO GET YOU INTO A CREDIT RESTORATION PROGRAM SO THAT YOU CAN QUALIFY FOR A LOAN. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.
- Well I'd be able to shop your loan around to over 80 different lenders to make sure you get the best interest rate on the market regardless of your credit situation and we even have some programs that can help your credit score. Call and ask for Raymond. 888-621-4235 ext 219
- Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is a straight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-consolidation.htm if it helps kindly remember me in your voting!.. cheers!
- Going to your bank is a better idea if you have really really good credit. I'm not saying your bank doesn't offer help to those who don't have that great of a credit score. However, most banks are looking for what we call the A-Paper borrower. (which is the borrower with excellent FICO and provable income etc.) However I would contact a mortgage brokerage. Talk to friends and family see who they have used. It's definitely best to use someone that is referred to you. That way you know what youa re going to get. If that is not possible. GO ahead and SHOP around. Remember though it costs about 8-10 pts of your FICO just for the credit to be pulled. So shop around for personality and someone you trust before having them pull your credit. SOmeone who will look you in the eyes and put things in front of you in black and white. If you can't find anyone or you are stuck just email me hun and I'll help you out and try to find you the best possible rate and fees out there. Have a good one. Classycntrptlo@yahoo.com
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