Credit Finance

www.enire.com Home Credit Loans Does anyone have any resorces on low or bad credit home loans? I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score? I dont know where to look anymore. Thanks for the help. You may qualify for an FHA loan. The down payment is low and the credit scores aren’t as important. What banks work well with bad credit home loans? Let me first say, Be Careful!!! Some banks will impose extremely high interest rates on a loan with bad credit. Contact a real estate agent, who is a member of the National Association of Realtors, and find out what kind of first time home buyer programs your state offers. I’m an agent in TN and we have a program called THDA. It’s a great program that offers down payment assistance as well as help towards your closing costs. The interest rates are very reasonable. Explore all of your possible financing options before you jump into signing anything. Also, when purchasing a home, you should ALWAYS be represented by an real estate professional! It costs you absolutely nothing and you have someone knowledgeable to represent your best interests so you don’t get taken advantage of. Good Luck on your purchase. I hope I helped you answer your …

realestatemarketingthisweek.com - Forget the doom and gloom, First Time Home Buyers can buy with FHA - Part 1 - Thanks to my very great friend Brett Fallon for taking the time to be here in studio today. Brett is one of America’s finest financial advisors. And of course the infamous Dan Havey. Now we all love Dan Havey because he was instrumental in getting me into the mortgage industry about 14 years ago. Most importantly, Dan was instrumental in helping us put together the loan modification hotline and he is the author of Real Estates Future. So today we have a few things we want discussed in regard to the economy, what’s happened, were wrapping up the year. You may have heard about this in the media, of course the media’s job is to scare you. Well our job is to tell you the truth. So Brett you have some data and some information that you wanted to share Some of the things you hear in the media, you cant escape, its pretty much doom and gloom, sky is falling, this is the next Great Depression. It’s over for all of us and we should all just pack up and go. That kind of stuff is pervasive out there and creates fear and a lot of anxiety amongst people who are either investors, people who are looking to buy a house, looking to refinance a mortgage. People dont realize there are certain tools that exist that we will talk about during the course of the show today. They should understand that some of the things that we discussed prior to today’s broadcasts were interest rates …

realestatemarketingthisweek.com - 00 tax credit for first time home buyers with low down payment - Part 3 - We have back in the studio today Mr. Dan Havey. Dan and I have worked together in the mortgage industry for about 14 years and we are happy to have him back. He has seen a lot of changes in the market and thanks again for being here. Michael, here is a question I wanted to ask you, there is so much misconception in the marketplace today as far as what is still available for financing. I think a lot of people have this idea that it is impossible to finance a loan or get a mortgage or that you have to be able to put 20% down or have a 720 FICO score. Can you let people know whats really going on out there? Well you know a lot of things have gone away. There are a lot of those old loan programs that were fancy ways to sell money and finance real property and a lot of thats gone. The reality of it is, if a person has a minimal amount of money down, there is absolutely financing through the Federal Housing Administration with 3.5% down. You can buy up to about 8000 with only 3.5% down. Now with Fannie Mae and Freddie Mac, we actually do have a few investors that will allow us to only put 5% down with those and that loan amount maximum is 7000. So there is still plenty of financing for primary residences. Now in regard to looking at investment properties believe it or not there are actually still some stated income loans out there, but the stated income loan is …

If you’re not sure whether to buy a home, consider some of the reasons that most home buyers give. People buy homes as investments, to save for their futures, to accomplish the American dream. Once you have saved for down payment and made the emotional commitment you’re ready to buy your first home.

www.americanprogress.org David Madland of the Center for American Progress tells CNN, the housing bubble burst has revealed an economy that hasnt created new jobs or raised wages while costs for fuel, food and other necessary goods has soared. According to CNN, Goldman Sachs research reveals 30% of mortgages nationwide, or 15000000 homes, are now worth less than the mortgages people are paying for them. www.AMERICANPROGRESS.org

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Before you even think about buying a home, you should ask yourself two questions: “What’s my credit score?” and “How do I raise it?” Knowing your credit score will help you negotiate a good interest rate on your mortgage, and if you can raise your score, you’ll get a loan with a lower interest rate.

www.EZHouseBuying.com is the Rent to Own Homes and Lease Purchase or Owner Financing Specialist. We assist families that want to buy their dream home but can’t get traditional financing due to credit or self employment. We can find and help you acquire your home on a Rent to own home program or Lease Purchase and even Owner Finance homes for sale. Bad Credit is Ok. This video explains 7 reasons to buy on a Rent to own home program.

www.americanprogress.org With each passing release of housing-related data, the picture becomes bleaker for the estimated 1.8 million homeowners with subprime mortgages whose interest rates have reset this year or are due to reset before the end of next year. Many of these borrowers and their families hold the 22 percent of adjustable rate subprime loans currently delinquent or the 3.84 percent of subprime loans that entered foreclosure in the second quarter of this year. For those still current on their loans, they can look forward to increases in monthly payments averaging 30 percent to 50 percent when their rates reset. There have been a number of proposals offered to help these and other troubled borrowers, but the range of solutions suggested to date still leaves a significant number of families without any solution to their problems. For more of cap’s work on the current housing crisis please visit THE CENTER FOR AMERICAN PROGRESS www.AMERICANPROGRESS.org