answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

โˆ™ 2008-02-02 04:26:09
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: 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?
Write your answer...
Submit
Related questions

Where can someone get a mortgage with no closing costs?

Five-Star-Mortgage dot com in Henderson, NV. carries free closing costs mortgages for the following: Reverse mortgage Conventional mortgage VA loan FHA loans And are currently licensed in NV, CA, WA, OR, UT, AZ, HI, and FL to process mortgage loans. Hope this can help those looking to save a lot of money


Where could one get advice on obtaining a closing figure for a mortgage?

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.


Where can someone find information about a no closing cost home refinance for their mortgage?

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.


Where can someone find information about the closing cost to refinance a home mortgage?

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.


Do you need a power of attorney when refinancing your mortgage?

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.


What happens to the land in a reverse mortgage contract?

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.


Can someone who is 90 years old get a mortgage?

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.


How do you get your name removed from the church mortgage loan?

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.


Where can someone find a mortgage adjuster?

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.


Can someone on disability cosign a mortgage loan?

You need to ask a mortgage agent.


How can someone apply for a mortgage loan?

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.


What effect does a credit score have on a mortgage?

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.


Where can someone find more information about a BOFA Mortgage?

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.


How does one explain a mortgage?

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.


How much does it cost to add someone to your mortgage?

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


Can you sue someone who defrauded you on a mortgage?

Yes


Where can a home mortgage refinancing lender be found?

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.


Where can one reverse their mortgage?

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.


What is the average length of time someone keeps their car?

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


What banks allow bad credit mortgage?

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.


What happens when someone you cosigned a mortgage for has filed for bankruptcy?

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.


Can a mortgage be omitted from probate if the property was deeded to someone else before death?

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


Can someone co sign a mortgage if they have filed bankruptcy?

no


How does mortgage help someone buy a house?

y7gt7y


Could someone get remortgage on your guarantee?

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