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Saturday, October 24, 2009

Can I get a mortgage with bad credit rating and 2 months self employment?

I'm sure the answer will be no, but there must be some lenders that will throw caution to the wind and just lend anyway??? I know I can keep up with repayments. Plus my partner is in a steady job too.

Can I get a mortgage with bad credit rating and 2 months self employment?



here are some search results


http://www.yabloog.com/15credit_card_.ht...
Reply:only if your partner has good credit and can qualify on their own for the loan. Sorry there is no way you can qualify as you must be employed in the same line of work for not less than 2 years and persons who are self employed tend to write down their earnings as to keep their taxes as low as possible


I am a mortgage banker in TN %26amp; KY
Reply:I would say no, especially the way the economy is going.
Reply:Have you considered renting to own? A lot of homeowners are having trouble selling and are more open to renting to own. When you are reviewing ads in the paper or classifieds looks for terms like "motivated seller" or "owner financing available."





Here is a company that specializes in that.


http://www.fastcash4homes.biz/



Reply:to do it on your own with a coventional mortgage would be impossible in todays market. If your putting down 40% there might be some high interest lenders that dont look so much into your personal situation.
Reply:Sorry, but I bet not. It sounds like a subprime thing which are nonexistent at the moment.

floral

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