Article by Bob Hall

Bad credit mortgage loans are offered by sub prime lenders. Hard money loans and bad credit mortgage loans are reserved for borrowers with poor to bad credit. Bad credit mortgage loans are designed specially for people with a bad credit score. The loans may be on the higher side than the more conventional loans but they will definitely help you to get you out of the situation that you are in currently. Bad credit mortgage loans are readily available but only if you are willing to get out there and put forth a little effort to dig around and find the right lender with the right program for you. Be will to have your financials thoroughly assessed by your creditors and lenders so they have the information they need to do their job, which is clearly to come up with a bad credit mortgage loan that is well suited to your means and capabilities.

Lenders are now offering people with a loan that is up to 125% the value of their homes. This is called a 125% home equity loan. Lenders have a tendency of making things sound like they affordable to and that may not be true. Many people have found themselves in trouble over buying more of house than they can afford. Lenders are only looking to regain their money and do not benefit when you are unable to pay. For this reason you may often be able to work something out with them before things go too far.

Read the rest of this entry

Read the rest of this entry

We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
We wish to purchase a 2006 or 2007 new mobile home from a dealer.We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. They want us to split the property into 2 deeds. Due to zoning restrictions we cannot do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?

We are looking for a reputable consumer credit consolidation company. Prefer to hear from those that have had good success with a company to respond.

credit limit. I’m wanting to combine/transfer all of my existing credit card balances onto one credit card and have only one monthly payment. Does anyone know of a credit card or a trustworthy debt consolidation company? I would like to take the credit card route only because it’s faster and easier and there’s not a million questions, but any advice would help. I need to get this done as as soon as I can. Thanks.

Product Description
Information is power – you know that. But, how do you research the best Debt Consolidation strategies, without spending too much of your time (and money) on it? The average person earns $ 1100 per week, which equates to $ 27 per hour. Trying to do the research yourself would take you at least 5 hours to come up with the best information, AND you’ll have to do this on a regular basis to come up with the most up to date and current information. There has to be a d… More >>

Read the rest of this entry

Do you know the reason why your loan application is being barred from the benefits of a loan? Then, the answer is because you might be having bad credit. Bad credit is regarded as risk by lenders because they fear that borrowers might not repay the borrowed amount and leave them in an endangered situation. But now, such bitter days are over for bad creditors. You can now walk into the finance market and approve loan under the scheme of bad credit secured loans. The only concern in this scheme is collateral.

Bad Credit Secured Loans brings a host of benefits which are bestowed to bad credit category. Here, the bad creditor gets an opportunity to borrow large amount rising from £5,000 up to £75,000 with a prolong repayment term of 10-25 years. The bad creditors can invest the funds and actively employ the amounts to disperse and consolidate the multiple bad credits. In this loan plan, lenders provide flexibility to borrow money if collateral carries higher market value. And the usual percentage that you will be offered as loan is 125% of the property value in this scheme.

Read the rest of this entry

I have 3 liens on my home – 1st Mtg, 2nd Mtg & Credit Line.
The first is not bad – 157 k , the 2nd – 76k with Bank of Amer,
and the credit line – 22k with B of A also. Total of 258 K in lien,
and homes like mine are not selling in MA right now, and Fair market value for my home is around 240. My ltv is around 105 to 108- depending upon actual appraised value – Refi’ing is not an option – LTV too high. It would take us at least 12-15months of radical debt paying to get even with the market,
It’s not exactly the area where we want to stay long term and raise kids, and we are in our mid 30′s right now. Feel a bit stuck. Right now we have enough money coming in to pay the bills, but we feel like we have nothing to show for it – we are not crazy about living here, I feel for the type of home we have, we are way-over paying for it – it’s a ranch on a slab for heaven’s sake. Tapped into the equity way too much with the 2nd and the credit line, and big-time regret it. Ideas??