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A Curious User
a year ago
4 years ago we purchased a property via land contract. During that time we blew our credit rating moving locations and starting over with our business. For this reason we can barely buy a car at decent interest rates despite good monthly income. We have paid our land contract payment every month without fail and wish to get a "proper" mortgage but we are afraid that one look at our credit scores will devastate those chances. Is there anyone out there who will grant us a mortgage with (around) prime interest rate?
 
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Best Expert Answer
Joe Wallace... Answered 266 more questions
a year ago
Your FICO scores and other financial qualifications will determine your access to "prime" mortgage loan interest rates. One thing you should consider doing is calling the FHA directly at their toll-free number (1-800 CALL FHA) and request a referral to a local, HUD-approved housing counselor who can help with pre-purchase planning and advice on credit issues before applying.
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ramon ibarra
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For example, I bought my house for $158k. My current mortgage balance is $142k. The bank told me a few days ago my home is worth about $245k.
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Matthew Hall... Asked 1 more question
a year ago
I am looking at purchasing a new house, this would be new construction in a planned community. I currently have an FHA loan on my current house. I have enough equity in my current home along with assets to have a 20% down payment on the next home. Is it possible to start the house and mortgage before selling my current home?
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A Curious User
a year ago
My spouse and my credit scores have a high and low range for each of us. I just want to find out what mortgage companies will use.
My spouse and my credit scores have a high and low range for each of us. I just want to find out what mortgage companies will use.
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A Curious User
a year ago
I sent over a copy of the transaction as I don't get paper statements mailed to me. Will a copy of the transaction suffice? I'm not comfortable sending over my bank statements. It wasn't necessary for another child's loan.
I sent over a copy of the transaction as I don't get paper statements mailed to me. Will a copy of the transaction suffice? I'm not comfortable sending over my bank statements. It wasn't necessary for another child's loan.
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