Financing and Credit

Do any one have information about "no credit check mortgage lenders?" Or any lender that will accept bad credit with not money down?

Has anyone had any experience in purchasing a house with the owner's financing? I am trying to make deals this way since my credit is poor. People outthere are very motivated to sell their homes. Any input will be helpful!Thank you

NC

I apply for a hard money loan, they need a 630 credit score to work with me and liquit assets of at least 30,000.

No luck with them, then I contact an owner who is askin for the value price of the home 320,000, owing 230,000 in a preforclosure bank. Shoul I make an offer to the lender directly? I looks like he can't make payments, so he most likely will lose the home. Any advice? Thank you!

Nc

TO DIRECTLY DISPUTE ITEMS ON YOUR CREDIT REPORT

STEP 1: Contact the creditor associated with the account

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You should begin the dispute process by contacting the creditor responsible for the inaccuracy
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You can find the contact information for each of your creditors the end of your credit report.
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Your financial institutions will be able to correct most minor errors over the phone and will prevent them from being reported inaccurately in the future.

STEP 2: Contact each of the credit reporting agencies

Can I get a hard money loan with a credit score of 512? Had anyone got a loan with the same score?

There seems to be a lot of mystique surrounding getting cash back at closing. And really there shouldn't be.

Getting cash back at closing merely means over-leveraging the property. (And when I say over-leveraging, I mean over th purchase price, not over FMV.)

A very simple example:

Buy a 100K property for 50K. Get a HML for 65% of LTV (65K). You just got 15K back at closing (less closing costs).

You can do different things involving seller carryback. Just make sure that any lender involved knows what is going on.

A couple more points about where the $$ are coming from:

**** or More in funding

A while back I remember seeing a post that just stated the above.

So I inquired and just today I received an email from a company called ***A Shady Company***.

It looks to be some sort of program that will set your business up with financing.

Anybody have any knowledge of this? Is it a scam?

Zeek

--- EDITED
Against rules to promote/mention unapproved companies/services/products.

I just purchased the course. I have the motivation, the desire and the ambition to succeed. The problem is, I have bad credit. I know the basics of the real estate, I owned a house myself once.

I want to start now, not later! Can someone purchase a house with no money down and a bad credit score? I do work and I have someone who is willing to help with the credit even though is not that great either.

Another question, transfer to the investor, what that means? Purchasing a house for 100 and transferring for 100,000. Can someone explain? I am a single mother eager to make it

Hi everyone I have found a good hard money lender but he wants from me a 1-3 page executive summary. I am not sure if that is a business plan or sort of business layout of some sort. Has any one had to do one or know what it is? Thanks, Ed

Did you know?

One of the easiest ways to improve your personal
financial statement and increase your credit score
is by using business credit.

Business lines of credit will prevent you from doing
harm to your personal credit score because when
you use this type of credit it does not show up on
your personal credit report.

Business loans, lines of credit, and cash advances to
your business are some of the best tools you have to
increase your personal FICO score.

Business credit also improves your personal financial
statement in all these ways: