Saturday, September 30, 2006

Lease Purchase - Buy A Home With Bad Credit

The lease purchase is one way to buy a home with bad credit. Bad credit is not considered by the mortgage company at the time the lease-purchase agreement is executed. This being for the simple reason that there is no mortgage appication at the time the lease-purchase agreement is executed. the lease-purchase is between the real estate owner and you, the renter. Again, this does not consider bad credit at the time the lease-purchase is written.

That is not to say that bad credit is not considered at the time of the mortgage loan application. Bad credit will certainly be considered at that time but think about this. You will have at least twelve months of cancelled checks to provide the mortgage company and this goes a long way in conquering any bad credit. If you can afford to pay the rent payments for twelve months then why can't you afford to pay a mortgage payment. This is certainly the way to go for someone that wants to buy a house with bad credit or to buy the home they are renting. One other thing to say about the lease purchase is that it is possible to do this loan with bad credit and no down payment. And if you are buying real estate no money down then you should consider the lease purchase too.

Thursday, September 28, 2006

The Tangential Mortgage Blog

The tangential mortgage blog is an interesting subject if you are a mortgage persona. This is an excellent persona to have amongst the mortgage blog arena. Let's examine the mortgage blogger and the mortgage blog itself in the following paragraphs.

Mortgage blog is mucg different than a blog regarding mortgages. A blog regarding mortgages on the other hand is simply a subset of the mortgage blog. This provides and intangible benefit to the blogger when considering the subject of real estate and real estate related mortgage blogs. Please bear with me on this financing blog subject as I describe the mortgage blog in more detail.

"Mortgage Blog 1, 2, 3" is a Hollywood-type production that perhaps will be appearing in a real estate financing theatre near you in 2007. Mortgage Blog 1, 2, 3 has the following big Hollywodd names:

Mortgage Coach

Mortgage Professor

Mortgage Blog

Fix Credit Report

Bad Credit

Bad Credit Mortgage

Bankruptcy Credit Repair

What a cast and crew! They wil surely be a hit in the real estate and mortgage world of financing real estate and mortgage blogs. Now onto a mortgage serious matter of financing a loan with a mortgage blog.

Let's consider that if someone had a credit report, APR and mortgage loan with bad credit then they could turn that bankruptcy mortgage into a stated income, No Income Verification, or No Doc mortgage loan. This can be accomplished in one of three ways: A mortgage loan, a refinance loan or a purchase money mortgage loan.

Let's finish this up with a couple of closing comments so that you, the blogger, can get back to reading your mortgage blog. Goodnight a farewell to the blog-o-sphere!

Wednesday, September 27, 2006

Bad Credit

Let's talk about bad credit. There are many, many types of credit. There is good credit, moderate to good credit, and of course bad credit. If someone had bad credit then they would not have the only type of credit that exists.

Now, there are mortgage loans made to peopel with bad credit. there are also bad credit mortgage loans. the two are not entirely different and are not mutually exclusive either. There is a little criss cross between the good credit and the bad credit. this can all be shown to exist on a credit report of someone that has good credit, moderate credit and bad credit. When you combine all three then overall the person will be considered to have bad credit.

Can someone doa rapid rescore for someone that has bad credit? Yes I say and that can change them from having credit that is bad to having credit that is good. All of this is reflected in teh FICO score of the credit report of the person with bad credit. Let's take the follwoing examples:

Bad Credit Repair

Bad Credit Mortgage

Identity Theft Bad Credit

These are just some of the examples of the application fo those with bad credit. this can also occur if someone has had a bankruptcy, repossession, foreclosure, lat mortgage payment, credit card debt, judgment, and medical collections. All are symptomatic of bad credit and this is in direct opposition to someone who has good credit.

Now let's talk about someone that has a bankruptcy. There are essentially three bankruptcy bad credit discussions and I will lis them below:

bankruptcy credit repair

bankruptcy buyout

chapter 13 buyout

bankrupcty mortgage

To concluse all of this would be pointless because someone with bad credit, good credit or even moderate to good-to-bad credit would probably not have rea dthis far. Indeed a foreclosure or a bankruptcy can harm a credit report but this can be fixed with free credit repair. By the way, there is an excellent website that can assist with free credit repair and I will list it now if you are interested in credit repair. if so then get your credit repair at this credit repair website and by the way, it is free.

credit repair seminar