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I have bad credit due to a short sale Can you get another home loan?
Wiki User
∙ 12y ago
You can obtain another home loan, however, you may be subject to paying a much higher interest rate than you would if you had good credit.
Wiki User
∙ 12y ago
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What is the best way to refinance foreclosure?
This depends on your home loan status but it is often best to refinance as it requires minimum impact credit by replacing one loan with another. Another option is to short sell (selling your home at a loss).
Where can I find a bad credit home loan?
You can find a bad credit home loan at homecredit.com
What happens to home equity line of credit at death?
The loan will come due in full immediately if it is not a joint loan. If there is another person at the home, say a wife of a deceased husband who had the line in his name alone, they will have to be approved for a loan of their own. You cannot have a loan on property that was approved with another persons income/credit score.
Can I get a home equity loan from a Texas bank if I live in another state?
You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.
What does your credit score need to be to get a home loan?
There is no set credit score. It depends on the bank and your credit history. Some banks do not allow you to get a loan within 2 years of a short sale. Thanks for using answers.com!
Can you get a home depot project loan with a credit score of 620?
It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.
How will defaulting on your mobile home loan affect you in South Dakota?
IT'S LIKE DEFAULTING ON ANY OTHER HOME LOAN. YOUR NAME WILL GO INTO THE CREDIT BUREAU IT WILL AFFECT YOUR CREDIT SCORE AND NOT BEING ABLE TO PURCHASE ANOTHER HOME/CAR.
How can one get a home loan with bad credit?
Getting a home loan with bad credit is increasingly difficult in the United States. There are limited loans from the Federal Housing Administration (FHA), but short of having a large down payment, those with bad credit are mostly likely to be denied.
Where can I find a short term loan for home improvements?
A short term loan for home renovations can be obtained by most major financial institutions and banks. A secured line of credit can also be obtained and used to finance purchases as well as renovations.
Can I get a home loan if I have bad credit?
It is tough to get a home loan with bad credit, however you may be able to get a home loan with a higher interest rate. It will also be easier if you can find a cosignor.
Where can one find a home loan with bad credit?
Third Federal Loan will offer loans to individuals with bad credit. They have a website and a toll free number to inquire loan information. EverBank is another company that offers such loans to individuals with poor credit history.
Is a co-signed loan on my credit report?
The short answer is yes. The long answer is that when you co-sign a loan for another person, you agree to be responsible for that loan should they default so if they fail to pay the loan back, the creditor will expect you to shoulder the responsibility. If you fail to pay the loan back, it goes on your credit report.
