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How can you transfer your mortgage to your mother who has less than perfect credit if both of your names are already on the deed?
Wiki User
∙ 16y ago
You can't transfer the mortgage, but you can remortgage in her name only.
Wiki User
∙ 16y ago
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Does one need perfect credit to get an ING mortgage?
"No, one does not need perfect credit to obtain a ING mortgage. You would be able to obtain one with a stable income every month for at least 2 years time and some credit."
Do you have to have perfect credit to obtain an American Equity mortgage?
It is not required to have perfect credit to obtain an American Equity mortgage. However, in today's day and age, with many companies keeping their credit on such a short leash, it would be a good idea to try to clean any fixable problems in your credit report before applying.
What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?
You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.
Can you buy a house after a deed in lieu of forcloser?
It will take at least 4 years under current conditions to recover your credit enough to be considered for a new mortgage. That's if you become the perfect credit consumer. Perfect payment history and perfect credit to income balances.
Can someone cosign a mortgage if they already have a mortgage of their own?
Yes. My boss owned a home and co-signed for me. It all depends on your credit. Yes
What is the perfect credit score in order to get a home loan?
A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.
Can I get an FHA mortgage loan with bad credit?
FHA mortgage loans have programs designed for first time homeowners, often people who do not have perfect credit. They are the best option for many people without great credit, but if your credit is really bad they will probably give the loans to people with better qualifications.
How does having bad credit affect my mortgage payments?
If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.
How can one apply for a credit card when already has a mortgage in the UK?
As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.
Where can one improve their bad credit due to mortgage rates?
One can pay off their mortgage and therewith reduce his overall debt. Bad credit may also be due to past history, for example if one has already declared himself bankrupt, he will have a bad credit score.
Can you apply for another credit card if you already have one?
yes you can i have done it recently to do a balance transfer and i still use both credit cards yes you can i have done it recently to do a balance transfer and i still use both credit cards
What are the best mortgage rates somebody with really bad credit can hope for?
Your best chance for obtaining a new mortgage loan will be with your current lender. They are already aware of your dedication to your obligations and may be more willing to work with your bad credit rating.
