Financing and Credit

I came across this information and did not want to paraphrase. You will find the article link at the end of this information.

What Does It Take To Qualify?

Because mortgage loans are secured loans to the value of the house that they are associated with, you can still qualify to purchase these homes if you can meet some basic qualifications. All lenders are different but some things that will be looked at include the following:

• Do you have steady, verifiable income that shows that you can afford to make a mortgage payment as well as make all current debts that you owe?

I found this information in an article some where but feel it is good creative information about increasing your credit score.

1. Open New Credit Accounts with High Limits
2. Add Your Name to Someone Else’s Good Account
3. Dispute Delinquent Credit Accounts
4. Reduce Revolving Debts
5. Pay Bills on Time
6. Get Current on Past Due Accounts
7. Settle Judgment Accounts
8. Do Not Close Unused Credit Account
9. Limit Credit Inquiries
10. Do Not Max Out Credit Cards
11. Do Not File Bankruptcy
12. Get Credit Advice
13. Correct Credit Report Inaccuracies

This is more of a tax question, but has anyone been using a Charitable Trust to move their profits from a property into, to avoid the 15% tax? (if you aren't going to immediately use those profits to purchase another property). Please advise!

i am just getting started in illinois...want to do REO's...found 2 great deals!! i am not able to get financing for work and etc...is this my only option?? if not what else can i do?? i am very frustrated!! look forward to your comments!! anyone like to finance these deals???

Hi All,

Does anyone know how easy/difficult to refinance a property that is fully paid for in this current market?

Hi All,

Does anyone know how easy/difficult to refinance a property that is fully paid for in this current market?

Hi All,

Does anyone know how easy/difficult to refinance a property that is fully paid for in this current market?

How or where do we start on trying to buy a home if we have GOOD CREDIT, no money to put down cause we're paying off some debt- but we want to get in on the home buying now when rates are low??????

We don't mind fixer uppers, short sales, etc.- been there and done that- we're pretty handy with a hammer and nails.......haha.

Seriously, if we have good credit but no money to put down and are working on paying off some debt....have good jobs and want to get back to owning a home..

Where do we start? Can it happen and HOW?

How or where do we start on trying to buy a home if we have GOOD CREDIT, no money to put down cause we're paying off some debt- but we want to get in on the home buying now when rates are low??????

We don't mind fixer uppers, short sales, etc.- been there and done that- we're pretty handy with a hammer and nails.......haha.

Seriously, if we have good credit but no money to put down and are working on paying off some debt....have good jobs and want to get back to owning a home..

Where do we start? Can it happen and HOW?

can an individual get financing on a "killer deal" even if their credit score is really poor? I mean if the bank can see that they can't lose money can you get money for an investment property?