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I have very bad credit but will have receive 50000 dollars in three months can you get a mortgage in Massachusetts?
Hold on to your money. Don't be quick to run out and pay everyone off, get copies of your credit file from all 3 CRA's. Go over each one line by line, and start your credit repair journey, it doesn't happen overnight or there is no magic letter your can write to make things disappear, it just doesn't work like that. In order to get a mortgage you have to be credit worthy, good credit history, income, time on your job etc. having 50k along with those thing I just mentioned makes it that much sweeter for you.
What else can I help you with?
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
How can one receive a 2nd mortgage if they have bad credit?
Specialist mortgage brokers may offer a second mortgage to somebody with bad credit. Since the credit crunch this will be much harder to find however and any such deal is likely to carry a weighty interest rate.
Does Patelco Credit Union provide mortgage loans?
Patelco Credit Union does provide mortgage loans of up to 2 million dollars. Their 30 year fixed rate mortgage is also better than most of the banks in the US.
How does my credit score impact the interest rate I receive on my mortgage?
Your credit score affects the interest rate you receive on your mortgage. A higher credit score typically leads to a lower interest rate, saving you money over the life of the loan. Conversely, a lower credit score may result in a higher interest rate, costing you more in interest payments. It's important to maintain a good credit score to secure a favorable interest rate on your mortgage.
What is the perfect credit score in order to get a home loan?
A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.
Where would one view their credit mortgage?
The credit mortgage is what the tax payer receives from the government so that they can get a tax credit from the recent tax season. They will receive a part of the mortgage interest.
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
How can one receive a 2nd mortgage if they have bad credit?
Specialist mortgage brokers may offer a second mortgage to somebody with bad credit. Since the credit crunch this will be much harder to find however and any such deal is likely to carry a weighty interest rate.
Does Patelco Credit Union provide mortgage loans?
Patelco Credit Union does provide mortgage loans of up to 2 million dollars. Their 30 year fixed rate mortgage is also better than most of the banks in the US.
How does my credit score impact the interest rate I receive on my mortgage?
Your credit score affects the interest rate you receive on your mortgage. A higher credit score typically leads to a lower interest rate, saving you money over the life of the loan. Conversely, a lower credit score may result in a higher interest rate, costing you more in interest payments. It's important to maintain a good credit score to secure a favorable interest rate on your mortgage.
What is the perfect credit score in order to get a home loan?
A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.
How can one get a second mortgage with bad credit?
It's possible to receive a 2nd mortgage with bad credit you just have to make sure your application is as strong as is possible at the time of application. Beware that your second mortgage will almost always have a higher interest rate than your first.
How much pre-approval can I receive for a loan or mortgage?
The amount of pre-approval you can receive for a loan or mortgage depends on factors like your income, credit score, and debt-to-income ratio. Lenders will assess these factors to determine how much they are willing to lend you.
How can I get a mortgage with bad credit?
It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.
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.
Do married couples receive lower mortgage payments than an unmarried couple who is co-borrowing?
it's based on your credit place
Where can a person go to get information on mortgage lenders for bad credit?
There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.
