Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

What Is the Easiest Way to Get a Home Loan with Bad Credit?

Written by: Talbert Williams

It's a myth that only those with good credit can get home loans.
You can get home loans with bad credit, too. There are many
companies both online and offline who specialize in these kind of

However, the better the credit report, the lower is the interest
rate on the home loan.

These points will be important when applying for a home loan with
bad credit. All homes have to be appraised by an appraiser, who
will ensure whether the property is enough to cover the loan

The bad credit home loan consists of two parts. The first part is
the down payment and the second part is the monthly payments.
This follows a point system. A point is 1% of the loan amount.

If you are charged 1 point on $200,000 loan, you have to pay
$2000. If you are charged 4 points, then you have to pay $8,000
and so on.

Interest rates changed periodically are dependent upon the US and
the global economy. It pays to shop around for rates. Lenders may
offer lower interest rates and more points or less points and a
higher rate of interest.

More points and a lesser rate of interest would mean that your
initial down payment will be high. And the interest payments will
be much less or vice versa.

The term for the interest payments can also differ from company
to company. It can be for 10, 15, 20 or 30 years also. There are
adjustable interest rates available. These increase or decrease
with the general interest rate prevalent in the market. However
there are caps in place, so that the rate doesn't fluctuate

There are loans available for those who wish to construct a house
and not purchase one. In that case payments can be made according
to work progress of the house.

After the house has been completed, it can be converted into a
traditional mortgage loan.

Talbert Williams 2000-2006 All Rights Reserved

Talbert Williams is the owner of http://www.debt-free-america.com
View his recommended sources for consolidating debt online.
visit this site: http://www.debt-free-america.com

Copyright Talbert Williams - http://www.http://www.debt-free-america.com

Other Related Articles:

New Home Construction Loans 101
When you are ready to build your first home or that dream home that you have been wanting for so long you will probably wind up needing help with the financial part of the building process. The funding for your new home is available through new...read more

Home Equity Loan Refinance - Important Facts
Refinance refers to applying for a secured loan intended to replace an existing loan secured by the same assets.You must speak with a finacial advisor before you decide to refinance. Refinancing the loan you had taken at higher rates is a...read more

How to Qualify for a Home Mortgage Loan
Are you considering applying for a mortgage loan to purchase your first home? If so, you should read the following tips below that will make the process easier! If You Have a Good Credit History It Is Easier To Qualify For a...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map