home loan

Date: Fri, 09/08/2006 - 20:20

Submitted by anonymous
on Fri, 09/08/2006 - 20:20

Posts: 202330 Credits: [Donate]

Total Replies: 2

I have recently tried to get a home loan. However, my credit score is a 480 and I have arranged to correct all of my debt. My fiance's credit is good, but he does not make enough on his own to get the loan by himself. Is there someone who will give us a loan??

Loan

Not Really! The only people that will are sub-prime lenders. Stay away from them. You will get an interest
rate of 11%, and if you are ever late they will increase it to 18-23%. I have heard of this happening.

Best thing to do is improve your credit.Then lenders will be beating a path to your door to part you from your money!

lrhall41

Submitted by Roadwarrior on Fri, 09/08/2006 - 20:36

( Posts: 637 | Credits: )

Talk to your bank. They may be able to offer you something if yo

Talk to your bank. They may be able to offer you something if you have a good record in their books. Besides, concentrate on improving your credit scores. You have to highly focus on raising your scores so that your financial worthiness takes a better turn. Use a consolidation program for paying off the multiple debts in one payment plan. The interest rates will be kept lower in the program. Your credit will rise after the accounts are posted as paid in your credit file. Go through the benefits of the consolidation program and useful tips on becoming debt free.

lrhall41

Submitted by BuildingWealth on Sat, 09/09/2006 - 12:24

( Posts: 491 | Credits: )