Who is the best company to get a home loan through with bad credit?
Question by Jessie: Who is the best company to get a home loan through with bad credit?
I have pretty bad credit and I need a home loan, but I don’t want to get screwed.. does anyone know who I should go with?
Best answer:
Answer by Quicken Loans
I recommend looking around for “subprime” lenders. They are companies that specialize in working with clients with bad or less than good credit.
Are you sure your credit is bad? Make sure you know your credit score. If you truly do have bad credit, you may want to take some steps to improve your credit before you apply for a mortgage.
Also keep in mind that the rules and regulations for the subprime loan market have changed recently and it may be hard to qualify for a loan.
But anyway, do a search for subprime lenders and you’ll find a company that can help you. I work for Quicken Loans and you can contact us also if you like. We don’t do very many subprime loans, but you never know what you qualify for until you speak to a mortgage professional and get real and accurate advice and numbers.
Know better? Leave your own answer in the comments!
Q&A: How would an auto loan work if you wanted to be financed through your bank and not the car dealer?
Question by SimplyHappy: How would an auto loan work if you wanted to be financed through your bank and not the car dealer?
Would I have to get the bank loan first then pay the dealer?
Best answer:
Answer by Jay P
You have the right to have a car financed through whatever bank you chose. It is always a good idea to find the lowest rate you can find and then go to the dealer. The dealer may be able to beat that rate but you never know. Should you go with another bank, they will either cut a check directly to the dealer or write you a check. Either way works fine.
Know better? Leave your own answer in the comments!
The SBA Loan Book: The Complete Guide to Getting Financial Help Through the Small Business Administration
The SBA Loan Book: The Complete Guide to Getting Financial Help Through the Small Business Administration
- ISBN13: 9781440509827
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Spurred by President Obama’s stimulus efforts, the U.S. Small Business Adminstration is working to deliver more capital financing to entrepreneurs and small companies around the nation. But like any financing, business owners must navigate a complex course of procedures, qualifications, documentation, and approvals.
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List Price: $ 15.95
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