Home Buyers Alert

US Homeownership Aspirations Aren't Dead: Owning a Home Remains a Defining ... - Stockhouse May 21, 2012
US Homeownership Aspirations Aren't Dead: Owning a Home Remains a Defining ...StockhouseOverall, more than half of consumers polled say homeownership is a vital component to defining the American Dream and 59 percent associated feelings of excitement or pride as part of their first time home buying process. TD Bank surveyed more than 1300 ...and more » […]
Bank growth slows as consumers pinch their pennies - Globe and Mail May 20, 2012
Globe and MailBank growth slows as consumers pinch their penniesGlobe and MailFor more than a decade, consumer loans have fuelled Canadian bank earnings, pushing profits upward as home buyers took out mortgages and consumers extended their lines of credit. But as the banking sector prepares to report second-quarter earnings this ...and more » […]

Sep

06

no money down mortgages

By MSC

no money down mortgages
mortgage lenders are there left in Massachusetts that will not make money on the mortgage?

looking to buy a house in the estate. no payment. also have a bankruptcy on my credit report that was released last June

You are not going to get a mortgage. Recent BK and without = no mortgage payment. You will need at least 2 years of maturation in the BK even before they are considered for a mortgage. Also, save save save for a down payment. You will have to bring something to the table if you expect to get a decent rate when you could qualify for a mortgage.

no money down mortgages

Will I get a mortgage with no down payment?

I have a credit score of 590 and I make 1,500 per month.

You will not be able to get a traditional mortgage with a credit score, but there are options. I can put you in touch with private lenders are not subject to the same limitations that mortgage lenders and traditional banks. e-mail or message me and I can send you all the information you want.

The Secret to No Money Down home loans

Categories : Canada Mortgage

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Mortgage Tip of the Day

If you want to borrow and you have bad credit, no credit or no verifiable income, and you need a bad credit mortgage, a mortgage broker can find a lender with the capital you need. If you have equity in your present property or a healthy down payment for a new one, a competent mortgage broker can remove barriers and get you the best mortgage possible. Mortgage Shopper Canada offers a free service with access to Brokers and Lenders covering Canada. Call toll free 1-866-285-3972 with your questions.

Canada-wide Mortgage News

Canadian banks' profits to grow, but at slower rate - Canada.com May 21, 2012
Canadian banks' profits to grow, but at slower rateCanada.comHowever, warnings from the banks also suggested that mortgage lending could drop off this year as consumers focus on reducing debt and mortgage lending softens. Tom Lewandowski, a financial services analyst with Edward Jones in St. Louis, said Canadian ...and more » […]
TEXT-Fitch: Canadian banks' residential mortgage exposure manageable - Reuters May 21, 2012
Trend.azTEXT-Fitch: Canadian banks' residential mortgage exposure manageableReutersLow interest rate levels and a favorable economic environment have fueled the upward trend in Canadian house prices over the past 10 years. Over this time period, house price increases have outpaced income, leading to record levels of household debt.Mortgage risk biggest […]