Bad Credit and getting a Mortgage

Initial purchaser and poor credit rating.

Don't give away the bad credit standing but you really need to get the mortgage in both name. Don't give away the bad credit standing but you really need to get the mortgage in both name. i think the best way would be to get in touch with a consultant and they can be offering you help, and look for the best mortgages for you, plus a bunch of paperwork. that's what we did when we purchased our house, and it wasn't very costly either.

relating to your name one the mortgage you need to be on it in my Opioin, im on mine and i wasn't working for a while at a point, a way to look at it would be - and i know its not very cute but - what happens if you split?

he' d have a home in his name and what would you have? Maybe by placing your name on it, you would help make sure you and your kids have the safety. Also those savings pages have lots on them on how you could back up your creditworthiness - that could be worth a try, all i can say is that we were in the same predicament.

In spite of state backing, especially with bad credit. You wanted to buy the other one. First, how bad is the bad credit, bad cash or bank failure or just standard bad? I suppose since you have 20K deposit (which is going to work in your favor) that although your oh has bad credit, you now have your funding under control? What if you have a 20K deposit?

Even if you have lent the bail, when/ how will you repay it, especially with a mortgage? Mortgages agents are okay, but please be cautious as there are some rip-off guys about the best wager going to your bench and seeing a finance consultant. It' s possible that you are on the mortgage even if you don't deserve a salary.

Hello, my husband's a mortgage consultant, so I chose his brain! It' very hard if you have bad credit histories these days. What do you mean? They say that you have a down payment that is good, but it all depends on how much you want a mortgage for. It doesn't really make any difference to some creditors whether you are on the mortgage or not in terms of cost etc, I would make sure you were!

He has just got bad credit histories i.e. he can't get credit cards and so on, but he has paid hire-purchase and all the utilities bills for the last 3 years on time and never failed all the payments, would that help by any chance? Does that mean that he hasn't paid hire-purchase and all the utilities bills for the last 3 years on term and never failed all the payments?

Hello, my husband's a mortgage consultant, so I chose his brain! It' very hard if you have bad credit histories these days. What do you mean? They say that you have a down payment that is good, but it all depends on how much you want a mortgage for. It doesn't really make any difference to some creditors whether you are on the mortgage or not in terms of cost etc, I would make sure you were!

Until recently I was a mortgage advisor (now a SAHM) and it really does depend on what the bad credit was about. Using a credit or debit line, if you do not make it payable, there is not much the merchant can do to get their funds back. A mortgage secures the mortgage on the home, so if you don't repay, they will take possession of the home again to get their cash back.

However, the buzz is obviously far greater with a mortgage, so the bench still doesn't want to loan if they don't think they'll get paid! of course, they're not going to get a mortgage. If there was a mortgage, if there was a good cause why he got bad credit, the writers are more likely to hear and think again, for example I had a buyer who had terrible credit when his wife got cancer for example and he cancelled work to take care of her.

Though the mortgage was rejected at first, the Underwriter accepted to lend the loan as soon as the circumstances became known.