I am ready to buy and make payments on a house , I make enough money to buy a 150,000 home , My credit is bad

Asked by Gledson, Naples, FL Thu May 22, 2008

,should I look for a owner financing option as a buyer ?
What is my options?

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Glenn Ginsbu…, , Naples, FL
Sat May 24, 2008
Gledson - yes you should have your credit reviewed and get suggestions of how to improve the credit scores. The time it takes to improve your credit scores will save you thousands of dollars in interest costs over the life of the loan and will enable you to have better terms on the loan.

With today's real estate market, depending upon where you are hoping to make a purchase, the prices may not appreciate significantly that your monthly payments would be much higher - in fact, with the higher credit scores your monthly payments could be lower.
3 votes
Tue Jun 17, 2008

Hi, I might be able to assist you with your credit. I specialize in helping clients get back on track. I'm also a Mortgage Banker:)

Take a look for yourself...


Please email me with any mortgage or credit related questions that you may have.



Tino Muratore
0 votes
Gary White, Agent, Grand Rapids, MI
Fri May 23, 2008
Scott mentioned a credit review. This is the first step and it costs nothing for a lender to review your credit. You can identify the issues that you have and create a plan to improve your credit score "if" you have too. Many programs and options are available for people without perfect credit. Check out a couple of lenders to make sure you feel comfortable and have the information and choices you need.

Home this helps.

Gary L. White, Broker
FlexIt Realty
0 votes
Scott Riddle, Agent, Naples, FL
Fri May 23, 2008

Before I could answer that I would have to see how bad your credit is, you might think it is bad but a lot of cases you can still qualify for FHA. Lease/Purchase contracts are also a good way to go so you can purchase the house several months to a year down the road and work on your credit to improve it. I own a mortgage company and am also a real estate agent, please give me a call so I can explain the options and see where your credit is. I also have a credit restoration company that I deal with and they have done great stuff with past clients for me.


Scott Riddle
Sand Castle Realty Group
0 votes
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