Financing in Garland>Question Details

Cata, Other/Just Looking in Garland, TX

i have 50k for a downpymt on a 65k home can i get a loan for 10 or 15k to pay the remaining amt w/ iffy credit

Asked by Cata, Garland, TX Sat Jul 18, 2009

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Dear Cata,

Good question. You might be able to 'qualify' for a loan even with a poor credit rating. By just barely qualifying you will pay a higher interest rate for that money, buy hey you'll get the loan and it's a good deal or is it?
If you begin with credit restoration however, you can improve your credit rating and learn some new saving habits and then not only will you qualify for the loan but you will "Qualify Well" for the loan and save yourself a lot of money.
Once your credit score is higher and you impliment new spending and saving habits you can finance cars with lower interest rates, pay no or low interest rates for credit cards and more. Good credit is achieveable and I will assist you repair and rebuild your credit rating so that you can not just barely "qualify" for a mortgage, but "qualify well" for a mortgage! Good luck!
0 votes Thank Flag Link Sun Jul 19, 2009
A personal loan from your bank would be the best avenue for you. The amount is too small for any lender to deal with and IF you do find someone that will do it, the fees would be just too outrageous.

Is there any way that you can do owner financing too for that remaining 10k?

Web Reference:
0 votes Thank Flag Link Sat Jul 18, 2009
Call me directly at 214-682-0598 I have a couple of options for you.

Web Reference:
0 votes Thank Flag Link Sat Jul 18, 2009
You would most likely need contact a local bank for a personal loan for remaining balance. Happy assist if yoiu need search

Direct link

Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 07’ & 08' list top realtors"
Dallas Loan Officer -
Dallas Real Estate Website: 60,000 listings Dallas homes for sale
0 votes Thank Flag Link Sat Jul 18, 2009
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