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What type of mortgage rate would you get currently with a credit score of 600 and what is an average amount for closing costs for someone with a credit score of 600?

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Wiki User
2008-02-02 04:26:09
2008-02-02 04:26:09

Depending on the eguity in your home and your past more mortgage payment history you could qualify for an FHA mortgage with a small downpayment. You will qualify if you have documentation to support your income and assets. Closing costs should be around $8,000. Don't let anyone tell you you have to pay more for this loan. Fair pricing should not have more then 1 point and could be 0 points and still have a great rate. If you find a good lender you will get the loan at the right price. Mortgageguy101@aol.com

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Related Questions

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A mortgage with no closing costs can be very hard to obtain. One must visit a number of banks offering mortgages and see if they qualify for a mortgage from each bank without closing costs.

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If someone is looking for advice on obtaining a closing cost figure for a mortgage, they could use a closing cost calculator which can be found on Yahoo to estimate the closing costs. The calculator takes into account all of the finer details of getting a mortgage and figuring out the closing costs.

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You may find information about no closing cost home refinancing for your mortgage from an experienced Realtor. You may also want to ask your local bank, as they have to do deal with mortgages on a daily basis.

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When searching for closing cost to refinance a home mortgage, you can speak directly to the bank to find out more information about specific details. A loan officer at the bank will be able to give you detailed information as well as alleviate any concerns that you might have. An alternative to speaking to someone from the bank would be to locate their website, and search for mortgage information online.

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A power of attorney is to represent someone that cannot be at the legal closing. If all the parties can attend, no such document is required.

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In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.

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Someone who is 90 years old can get a mortgage. No matter what age you are you can get a mortgage, age doesn't matter. But I don't think you can get a mortgage if your a kid.

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Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.

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A mortgage adjuster is someone who services current mortgages. One can hire such a person via the company they have a mortgage with be it Nationwide or Halifax etc.

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You need to ask a mortgage agent.

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Someone can apply for a mortgage loan by going to the Realtor website. The website has information on how people including those with bad credit can apply for a mortgage loan.

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The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.

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If someone wants to find out more information about a Bank Of America Mortgage, you can go to their official website. The website is called Mortgage Bank Of America.

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A mortgage is a concept which can be explained simply to someone. A mortgage is essentially a loan in which the house functions as a source of collateral.

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depneds who your mortgage is with... but more than likely yes.

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Someone can get a lower mortgage payment by refinancing your mortgage on your home, or by extending your mortgage longer to pay less each month, but pay for a longer time.

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If someone is interested in home mortgage refinancing, it is important to find a home mortgage refinancing lender. One can be found by going to mortgage calculator websites or mortgage review websites.

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There are a couple of places where someone can reverse their mortgage. The best place to check would be the location or company where you first received your mortgage.

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Someone can get mortgage refinancing quotes from the bank manager at the branch of the bank they deal with, at a Credit Union, or a place that specializes in mortgages.

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Americans are currently keeping their cars an average of 6 years or 71.4 months. Other countries may have different average times.

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Unfortunately, fewer banks will lend to someone with bad credit. Some of the major banks that advertise that they will give a mortgage to someone with bad credit include Paramount Equity and FHA Mortgage.

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No, the mortgage is a debt of the estate. That mortgage must be resolved before the property can be transferred.

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When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.

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It may be possible but understand if they fail to service their mortgage, the mortgage company will come after YOU not them.

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Some independent sources of information that are available for someone seeking mortgage loan help are "Citizen's Information" and "Mortgage Banker". Both have unbiased advice from industry experts.


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