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What should you do if you have a second mortgage on your home and you owe 100000 between the 2 mortgages and the house is worth 85000 but you would like to pay off some credit cards?
Wiki User
∙ 18y ago
you are in upside down then. I am surprised you could have mortgaged for more than the house is worth
Wiki User
∙ 18y ago
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Which companies offer mortgages for persons with a bad credit?
There are a few ways for people with bad credit to get mortgages. The following companies offer mortgages for people with bad credit: E-Loan, MortgageCreditProblems, and Ameriquest Mortgage Company.
Where can one get a Credit Union mortgage?
Credit Union mortgages can be obtained with any major credit or mortgage broker. Among the places offering mortgages are local credit unions, which can offer lower payment amounts and more competitive rates than major banking institutions.
What companies offer mortgages to those with adverse credit?
There are several companies that offer mortgages to those with adverse credit. Some of these companies include First Option Mortgage, Quicken Loans, and FHA.
Is there a difference between a reverse mortgage and a reverse annuity mortgage?
The terms are similar and both relate to reverse mortgages, however a reverse annuity mortgage often refers specifically to reverse mortgages where the borrower chooses to receive monthly payments from the lender rather than getting a lump sum of cash upfront or a line of credit.
What can be done to help someone get mortgages if they have bad credit?
It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.
What are some lenders that offer mortgages?
Some lenders that offer mortgages are Mountain America Credit Union, Legacy Mortgage, Wells Fargo, Livingston Mortgage, Utah First Credit Union, Security Quest Financial Services, and Roundpoint Mortgage.
Which companies offer mortgages for persons with a bad credit?
There are a few ways for people with bad credit to get mortgages. The following companies offer mortgages for people with bad credit: E-Loan, MortgageCreditProblems, and Ameriquest Mortgage Company.
Where can one get a Credit Union mortgage?
Credit Union mortgages can be obtained with any major credit or mortgage broker. Among the places offering mortgages are local credit unions, which can offer lower payment amounts and more competitive rates than major banking institutions.
Who offers bad credit mortgages in Wisconsin?
There are several mortgage companies that help people with bad credit. You can try Inlanta Mortgage and Home Savings of America.
What are adverse credit mortgages?
An adverse credit mortgage is a relatively rarely used product that is sometimes necessary for individuals with poor credit. These mortgages typically have higher interest rates and require larger and more frequent payments compared to standard mortgages.
What has the author Hughes H Spurlock written?
Hughes H Spurlock has written: 'Home mortgage credit terms' -- subject(s): Mortgages, Credit, Mortgage loans
What companies offer mortgages to those with adverse credit?
There are several companies that offer mortgages to those with adverse credit. Some of these companies include First Option Mortgage, Quicken Loans, and FHA.
What are mortgages for poor credit?
It will depend on the lender, how much you need for the mortgage loan, what the price of the home is, and other market factors when you apply for the mortgage.
Is there a difference between a reverse mortgage and a reverse annuity mortgage?
The terms are similar and both relate to reverse mortgages, however a reverse annuity mortgage often refers specifically to reverse mortgages where the borrower chooses to receive monthly payments from the lender rather than getting a lump sum of cash upfront or a line of credit.
What can be done to help someone get mortgages if they have bad credit?
It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.
If my credit is marginal, where can I find a mortgage for poor credit?
Yes, there are mortgages available for people with low credit. First, contact a reliable local bank and see what their options are. Be wary of so-called "mortgage shacks" that offer up shady mortgage advice.
Where could one get a mortgage for 50 years?
Like most other mortgages, if an indiviudal is looking to get a mortgage for fifty years they can go to a mortgage broker or their bank / credit union.
