Credit Problems

When a Private Money Loan Makes Sense

There are some situations where getting a private money loan or hard money financing can make sense for some borrowers. A private money mortgage is typically funded by a single private investor or a group of private investors. A private money borrower usually secures the loan through the value of the property and not their… Read More »

How to Buy a House with Little Money Down and Average Credit Scores

One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »

4 Helpful Tips to Qualify for a Great Mortgage After a Bankruptcy

If you are like millions of Americans after the last financial downturn, you may have had to file for bankruptcy. Whether you could not keep up with your mortgage or had financial problems with your business, having a bankruptcy on your credit report can complicate getting a mortgage loan. But it is not impossible by… Read More »

The Good the Bad and Today’s Subprime Mortgage Loans Reinvented

Subprime loans were the bane of the last financial downturn. The Subprime mortgage product, which are home loans to people with poor credit, low down payments and little verifiable income, were partially responsible for the mass of mortgage defaults that left the US and world economy reeling in 2008. After the housing crash, subprime mortgage… Read More »

9 Secrets to Improve Credit Scores Before Buying Your First Home

Mortgage interest rates are still very low, even though they started to rise last year. Between low rates and rising home prices, many Americans want to buy their first house. But for too many, a low credit score is holding them back. Although there are more home mortgage options today for people with lower scores,… Read More »

Low Credit Score Home Loans and the Mortgage Lenders that Offer Them

Millions of American consumers are looking for low credit score home loans that obtainable and affordable. Has your mortgage application been turned down? This can be really upsetting too many people, but you should not despair. Just because you were turned down by a lender for a mortgage loan with low credit scores does not… Read More »

Professional Guide to Home Equity Loans & Bad Credit

Many people believe that bad credit home equity loans are not possible. It is not surprising that the people who often need house loans the most are the ones with poor credit. If you have a low credit score, it is likely you have been turned down for lines of credit or equity loans before. Whether… Read More »

What Is the Minimum Credit Score for FHA Mortgage Loans in 2019?

One of the most common questions we hear all the time is: What are the FHA credit score requirements?  What credit score for FHA mortgage programs is required to be approved this year? People want to know what credit score is needed to qualify for a FHA loan in 2019. I am frequently emailed questions… Read More »

5 Ways to Buying a Home after a Bankruptcy

Typically after recovering from bankruptcy people ask me how long it will take to qualify for a mortgage loan or how long after a bankruptcy to buy a home. Banks and mortgage lenders understand that it is normal for good people to go through financial hardships and that’s why they extend credit opportunities with new… Read More »

Expert Guides to Bad Credit Mortgage Loans

Many banks and lenders are easing credit standards on bad credit mortgage programs making loans more available for home buyers and homeowners in 2018. There are still millions of renters looking to buy at an affordable rate and existing homeowners seeking to refinance with the goal of reducing their housing expenses before interest rates rise. The… Read More »

Secrets to Buying a Home with Bad Credit in this Market

All signs point towards 2018 being a unique opportunity for consumers to buy a house with bad credit, as private mortgage companies and government lenders have eased credit standards and expanded guidelines for first time house buyers with limited or damaged credit. See Clearer Paths for Home Buyers with Poor Credit to Secure Competitive Loans… Read More »

How to Get a Mortgage After a Bankruptcy or Foreclosure

It is not easy to refinance a mortgage if you have had a bankruptcy or a foreclosure, but the good news is it is not impossible by any means. How easy or difficult it will be will depend upon several factors, such as the type of bankruptcy you had – 7 and 13 are the… Read More »

How Subprime Mortgage Loans Help People with a Bad Credit History

Subprime mortgages are considered home loans that have a higher interest rate than prime loans and they were very popular prior to the mortgage crash. After 2009, many subprime mortgage lenders stopped offering these high risk loans. These days, it is much easier to get a sub prime mortgage loan with bad credit than just two or… Read More »

Top 5 Reasons Refinancing is Great for Consolidating Credit Card Debt

by Tom Murphy NMLS # 662141 Home Services Lending Carlsbad, CA Most Americans have several credit cards, and most people have thousands of dollars of credit card debt at high interest rates. Not surprisingly, when juggling mortgage payments, credit card payments, car payments and all the other bills of daily life, it can be easy… Read More »

Refinancing with Poor Credit Never Seemed So Easy

Mortgage rates are very low, and so are mortgage refinance rates. Refinancing your mortgage is often a good idea if mortgage rates are lower than when you took out your loan. Refinancing can reduce your monthly payment by $100 per month or more. The problem is that if you have bad credit, it can make… Read More »