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One might ask, how can one get a no money down bad credit mortgage? If you have bad credit and do not have enough money to put a down payment of a mortgage, you can take advantage of an FHA loan.

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Q: What are the advantages of no money down bad credit mortgages?
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What are some advantages of no money down mortgages?

Some advantages of no money down mortgages include reasonable interest rates and credit requirements. However, the fees do add up since the down payment has to be covered monthly instead of up front.


Can people get mortgages on their homes in Jacksonville?

You can get mortgages from many places in Jacksonville. Even though the economy is down, banks are striving to give out mortgages to people with good credit scores.


What is 100 mortgages and what is its purpose?

100 mortgages helps certain people with bad credit to buy a house. You do not have to put down any deposit.


Does bad credit lead to problems with mortgages?

Bad credit can lead to problems with mortgages because a low credit score could affect your annual interest rate for a loan and cause it to become higher. It could also affect your monthly payment because bad credit will put restrictions on the down payment amount which will consequently raise your monthly payment and inevitably lead to problems with mortgages.


Is it possible to buy a foreclosure with no money down?

You can get information on foreclosed home auctions from banks that own mortgages like Bank of America, Wachovia, Chase Manhattan, Wells Fargo, Citibank, and your local credit unions.


What are advantages to having credit?

Credit allows you to arrange your cash flow so that you can borrow enough money to buy a house or a car (for example) and pay later. You can't really use credit to pay for a down payment, so you do need to have savings also.


What are the advantages of getting mortgages through First Direct?

One of the main advantages of getting a mortgage through First Direct is that you cut out the middleman. You don't have to pay a commission, and the savings are filtered down to you.


Has the credit crisis affected the mortgage lending rates?

"The credit crisis has affected the mortgage lending rates drastically. Many lenders are not giving out loans and mortgages at all without either high down payments, or pristine credit."


Can you get a no money down loan with credit score of 780?

It is highly likely. This is a good credit score.


How do you buy a new car with no money down?

impossible unless you have super a+ super credit or a lot of money to put down for what your looking for.


What paperwork do I need to fill out to apply for a bad credit mortgage?

For a bad credit mortgage you need to have a stable income, someone who can guarantee your loan, and a down payment of at least 20%. As well, the rates for these mortgages are much higher.


How can you trade your grand marquis with no money down?

Have a 750 or higher Credit Score