Can a person simple go buy a house with cash? Asked by Jeanette Walters, Philadelphia, PA Fri Jan 27, 2012. If you have bad credit and all that, but you have cash money to buy a house, can’t you just buy it or do they still need to dig into your credit and job and all that?
While it would seem that having no credit is a good thing because it can indicate that you’ve been. Also, if you ever plan to take out a mortgage to buy a house, having an excellent credit history.
when should you refinance your house what documents are needed for a home equity loan Home Equity loan information -facts About Using. – Discover – A home equity loan (hel) lets you borrow a fixed amount, secured by the equity in your home, and receive your money in one lump sum. typically, home equity loans have a fixed interest rate, fixed term and fixed monthly payment.Key questions to ask before you refinance your mortgage – "As a homeowner, you should discuss the reasons why you’re refinancing with your lender so they can help. "All else being.
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FHA loans are the main option for home buyers with bad credit. If you have a 500-579 credit score you can qualify with 10% down. If your score is 580 or above you can qualify with just 3.5% down. While you need 3.5% down for FHA, they do allow 100% of the down payment to be a gift.
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How can you buy a house if you have bad credit – answers.com – Anyone can buy a house no matter what their credit score is. It just depends on what kind of loan you want and how much interest you are willing to pay. Typically people with bankruptcies or bad.
HOW TO BUY A HOUSE EVEN WITH BAD CREDIT OR INCOME ISSUES – If there are no buyers that means there is no demand for real. The good news is that you can buy your dream house regardless of your credit and income situation. If you have qualifying income, good.
Getting A Mortgage When You Have No Credit. First-time home buyers face challenges that more experienced home buyers do not. For example, a first-time home buyer may not be able to show the same stable work history that a more experienced buyer can show; and a first-time home buyer not have as much money saved.
How to Buy Foreclosed Homes With No Money Down & No Credit. – How to Buy Foreclosed Homes With No Money Down & No Credit;. but that you are proposing to do so without the bank qualifying you based on your credit. Many times, smaller banks will agree to this if you can prove that you have at least three months of reserve payments on the mortgage in the.
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