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Borrow $5,000, repay $42,000 – How super high-interest loans have boomed in California – After the financial crisis, banks reined in their credit card offers and stopped offering mortgages and home equity loans to customers with bad credit. Additional regulation or interest rate caps.
We require a minimum of 500 credit score to provide you with a . home loan (Purchase or Refinance). In most cases we work with . our borrowers with bad credit to bring up their credit scores . to qualify for the purchase of the home of their choice. While . each situation is different, sometimes we can get your scores . up within 72 hours.
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Should home sellers reject homebuyers who plan to get FHA loans? – FHA loans have a bad rap from home sellers. How FHA loans thwart home sellers When the sale blows up because the appraisal is lower than the agreed-upon price. When the buyer chooses FHA because of.
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Home buying gets tougher as lenders restrict FHA loans – Mortgage lenders have raised the minimum credit score on. who were getting FHA loans through Chris Murphy, a loan originator at Main Street Home Loans, an independent mortgage bank based in.
Home Buying Gets Tougher as Lenders Restrict FHA Loans – Home. an Austin, Texas-based consulting firm. With Fannie Mae and Freddie Mac mortgages, lenders are forced to buy back bad mortgages that were improperly underwritten, which has also prompted them.