If you are still looking for a lender please call me or email me, I can help you. Im a mortgage banker for a direct lender AmericaHomeKey Inc., right here in Ft. Lauderdale and depending on your credit, rates go anywhere from 5.0% to 6.5%. Nobody should have to pay 9-10% under any circumstances.
500 W. Cypress Creek Rd.
Fort Lauderdale, FL 33309
954-771-7715 x104 Office
Also, I have a home in West Palm Beach near the intracoastal and downtown that could be purchased with owner financing. If interested, just email me firstname.lastname@example.org
Owner financing is most times at a higher interest rate than banks, credit unions, and others in the business of lending money for mortgages. Many, if not all, owners would also want to have credit reports on the buyer/borrower run. If your credit reports and resulting FICO scores are the cause of the high rates lenders want you to pay for a mortgage, a private seller will also probably want even higher rates than the banks after getting your credit report.
It appears from your second email that your name is still on the mortgage for the house that your ex-wife got in the divorce and you are being penalized because she is making late payments. You might want to check the divorce paperwork to see whether she was required to get a mortgage in her name alone in exhange for getting 100% title to the house. I'd also suggest that you contact the attorney who handled your divorce, or another attorney who specializes in divorce work or real estate, to see if there is any way you can be removed from the mortgage.
I also suggest that you get a copy of your credit report from all 3 credit reporting agencies (this booklet from the federal government tells you how to get the copies. You should request than any mistakes in your credit reports be investigated and corrected. Here's how to do this: http://www.pueblo.gsa.gov/cic_text/money/fair-credit/fair-crd.htm
If you ex's late payments are continuing to adversely affect your credit after you've consulted with an attorney to get the legal situation regarding who is reponsible for making the mortgage payments straighted out and checked all credit reports for errors and had the errorts corrected, try to have a written statement added to each of the credit reports regarding the situation.
Also, I have a brochure on my website that has quite a bit of information that may help you improve our chances of getting a mortgage at terms you will find acceptable. http://maryhester.com/images/consumer%20credit%20handbook.pdf
Finally, the bigger the down payment you can make, will probably increase your chances of getting acceptable mortgage terms.
Good luck. When you're ready, feel free to use my website to search for homes in the MLS.
I am with a company that has over 200 lenders and 1200 programs .We do FHA loans also and can do loans in all over the US. If you want please email me at email@example.com or call me at 912-617-0459 and let me see if there is any way we may be of service to you.
Let me refer you to one of my former real estate associates I worked with in Jupiter when I was a licensed agent down there. I'm now in Virginia, but this guy is as honest and ethical as they come. Just visit http://www.alhenry.com and tell him Frank B. from Virginia sent you. Heâ€™ll be able to help and guide you forward.
Frank Biganski, Realtor ABR
P.S. Sorry for the rude answers from Blackula. I reported him to Trulia.
You may actually get a better rate through the bank than an owner carry. In our area, owner carrybacks typically earn 8-10%. You may also want to dispute some of the items on your credit report- information from 15 years ago should not be affecting your score now.