answersLogoWhite

0

What can one do about bad mortgages?

User Avatar

Anonymous

12y ago
Updated: 8/20/2019

Bad mortgages can be frustrating. If you are underwater, there is little hope for turning it around. A short sale might be the best option to try and recover some money from your mortgage. If the mortgage rate is too high, you might consider refinancing.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Can someone with bad credit still obtain mortgages in the UK?

Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.


Where can someone with bad credit get mortgages?

Someone with bad credit can apply for mortgages through the FHA program. These mortgages are backed up by the FHA and are a good choice for someone who has bad credit.


What is the main reason for bad credit mortgages?

Bad Credit mortgages are for people who do not qualify for traditional mortgages. These tipically have shorter terms with higher interest rates.


Which companies offer mortgages for persons with a bad credit?

There are a few ways for people with bad credit to get mortgages. The following companies offer mortgages for people with bad credit: E-Loan, MortgageCreditProblems, and Ameriquest Mortgage Company.


Where can one find information regarding bad consolidation credit debt and mortgages?

You can find information regarding bad consolidation credit debt and mortgages at the DebtHelp website. Once on the page, you will have access to expert guides, debt calculators and more.


How can you get a bad reputation with your bank?

One can get a bad reputation with their bank if they have financial problems or debts. A bad reputation makes it hard to get loans or mortgages, or even a credit card.


Which banks offer competitive bad credit mortgages?

There are many banks that give competitive bad credit mortgages. These include GE Money, Precise Mortgages, Ocean Finance and Purple Loans. You will have to put up a large deposit.


What creditors offer mortgages or refinanced mortgages to individuals with bad credit in the UK?

Some companies that offer mortgages to individuals with bad credit in the UK include GE Money, Precise Mortgages, and Saffron Building Society. These companies offer a variable 24 month mortgage with an interest of around 4.50%.


Which banks offer bad credit mortgages?

There are banks and institutions which offer bad credit mortgages and it is important that you find the correct one for your purposes. The website www.mortgagemagpie.com will allow you to get quotes according to your financial situation and explain fully what would be involved should you choose to proceed.


What are the disadvantages of bad credit mortgages?

Bad credit mortgages will likely have a higher than usual interest rate. They may also have stricter policies and penalties for late and partial payments.


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

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.


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.