If you happen to get extremely lucky, finding the right deal on a car loan sometimes can just sort of come together. It is almost like the Universe were helping you out: you see a commercial or research a great car online, walk into the dealership, make an offer (which they quickly accept), and then, you get a great deal on financing. An hour or two later, you are driving home in your new car with a smile on your face.
However, for most of us, landing a great deal on a car loan is not nearly that easy. The more common story that people tell is haggling with the dealer over the right price for an hour or more. Then, they spend more time negotiating with the financing department to get a good deal on a car. In the end, they leave the dealership without getting the offer they were looking for - or maybe no offer at all.
If the second situation sounds the more familiar of the two, you may have a less-than-perfect credit score. Having a bad credit score makes it harder for anyone to qualify for a car loan. Fortunately, there are ways to get qualified through a bad credit special finance car loan.
If you are looking for a bad credit special finance car loan in order to get the car of your dreams, here are 5 tips for getting funded faster:
1. Understand what bad credit special finance car loans are:
Start your journey to faster funding by learning about what a special finance car loan is. These are loans offered specifically by bad credit auto lenders. They are special because they are designed to work specifically with people in your credit situation.
2. Locate the websites of at least 5 bad credit special finance lenders:
Now that you know what lenders to look for, search for and locate the websites of these special lenders. Look for "bad credit car loans" and similar search terms in order to get your list started.
3. Evaluate each lender and look for the 3 signs of credibility:
Now, go through the website of each lender. What you should be looking for at this point is signs that they are going to be credible lenders. These are: a. they list out what other customers say about them, b. they give you the opportunity to pre-qualify, and c. they have active partnerships with auto dealers.
4. Pull your free credit report and fix any misreported items:
Now, if you are a U.S. citizen, pull your annual free credit reports. You can get one each per year from TransUnion, Equifax and Experian. Go through them like a good detective would, and make notes on anything suspicious or incorrect. If you find anything, get these errors corrected.
5. Follow through with submitting applications to at least 3 lenders:
Now, choose the top 3 most credible looking lenders and apply to all of them. You may get one, two or three offers. You will then be in the position to compare rates. Hint: ask for a pre-approval letter and walk it into the dealership in order to purchase the car of your dreams.
Take these 5 tips for getting a bad credit special finance loan into account in order to get funded faster.
Tuesday, February 4, 2014
Monday, February 3, 2014
Find Property Investment Opportunities For Any Budget With Huge ROI
For many people, they want to invest in property or expand their portfolio, but are unsure how to do it without taking many risks. If this sounds like you, then you need to find a new website that is available to you, where you can buy discounted residential property in the UK. These properties are available at discounts of up to 25% off the actual valuation of those properties. There is an extensive list of investment property available, so you can choose the properties that you want and boost your portfolio on your own, or select from a variety of managed services that they offer as well. These include sales, property management, tenant services and much more. They currently boast over 1000 sourced properties, as well as 300 managed properties, so you can invest in them knowing that your money is going to be returned to you several times over.
It is extremely hard to find properties that are worth purchasing, particularly if you are interested in investment property only. Many investment properties are only available at auction or via a real estate agent, and by purchasing properties this way, the discount, if any, will disappear because of the excessive bidding and fever of the auction atmosphere. For this reason, you want to find a new website that can purchase these bargain properties prior to repossession, so that they will not be sold through a real estate agent or at an auction. This way, you can purchase this investment property at a reduced price, and you will not have any hassles that are often associated with an auction atmosphere. What's more, you will not have to worry about purchasing structurally unsound property from this website.
It does not matter if you are a beginner or professional property investor, you can check out an extensive team of experts and property managers, who are able to protect you and take care of every aspect of your Property Investment. This can include finding the least expensive property that is of the highest quality, taking care of your purchasing process for you, finding tenants for your rental properties as well as managing your portfolio. This is an extremely easy way for any investor to boost their portfolio, whether you are just beginning or have been investing in property for years. This website can provide you with secure and profitable property investments and without the hassle of third parties. You will only be able to purchase UK property, in some of the nicest neighborhoods in the country. They are chosen for this reason, because high-quality property in highly sought after neighborhoods sell and rent very quickly. Therefore, you are facing a small amount of risk, but facing the largest rental income turnover possible. Often, these properties are located in populous areas such as Manchester, Birmingham, Liverpool and others. This provides you with more choice and more opportunities to boost your property investment portfolio. So, log onto the Internet today, and find out why choosing a property and investment sourcing company can provide you with instant equity in a variety of properties, and an immediate return on your investment.
Learn more about easy and effective Property Investment opportunities available in the UK.
It is extremely hard to find properties that are worth purchasing, particularly if you are interested in investment property only. Many investment properties are only available at auction or via a real estate agent, and by purchasing properties this way, the discount, if any, will disappear because of the excessive bidding and fever of the auction atmosphere. For this reason, you want to find a new website that can purchase these bargain properties prior to repossession, so that they will not be sold through a real estate agent or at an auction. This way, you can purchase this investment property at a reduced price, and you will not have any hassles that are often associated with an auction atmosphere. What's more, you will not have to worry about purchasing structurally unsound property from this website.
It does not matter if you are a beginner or professional property investor, you can check out an extensive team of experts and property managers, who are able to protect you and take care of every aspect of your Property Investment. This can include finding the least expensive property that is of the highest quality, taking care of your purchasing process for you, finding tenants for your rental properties as well as managing your portfolio. This is an extremely easy way for any investor to boost their portfolio, whether you are just beginning or have been investing in property for years. This website can provide you with secure and profitable property investments and without the hassle of third parties. You will only be able to purchase UK property, in some of the nicest neighborhoods in the country. They are chosen for this reason, because high-quality property in highly sought after neighborhoods sell and rent very quickly. Therefore, you are facing a small amount of risk, but facing the largest rental income turnover possible. Often, these properties are located in populous areas such as Manchester, Birmingham, Liverpool and others. This provides you with more choice and more opportunities to boost your property investment portfolio. So, log onto the Internet today, and find out why choosing a property and investment sourcing company can provide you with instant equity in a variety of properties, and an immediate return on your investment.
Learn more about easy and effective Property Investment opportunities available in the UK.
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On the face of it, securing 100% financing on mortgage loans with bad credit seems like a huge stroke of luck. It removes a big part of the headache that comes with buying a home, and everything is much more straightforward and easy to follow.
But while there are certainly advantages, there are also disadvantages, and it is important to weigh these factors up before getting mortgage approval on those terms. What is essential to consider is that the larger the loan the greater the debt, and the higher the percentage mortgage, the larger the loan borrowed.
Calculating the actual consequences of the selection of mortgage loans available is important if the right one is to be secured. And while 100% financing might be perfect for one, it might be too much to handle for others.
Advantages of 100% Financing
There are two principal advantages to getting 100% financing on mortgage loans with bad credit. The first, and most obvious, is that it makes it unnecessary to find alternative sources of funding to raise the down payment. Usually a mortgage lender is willing to provide funding on between 80% and 90% of the purchase price. The remaining share is paid for through a down payment.
However, the task of saving that amount of money - perhaps as much as ,000 - is a big ask. At the very least, it can delay the ability to buy by a year or more. Alternatively, some home buyers secure the balance by taking out a personal loan. Still, getting mortgage approval on 80% of the price is a major investment in its own right.
The second advantage is that private mortgage insurance is not necessary when securing this kind of mortgage loan. This might seem a small issue, but paying this insurance is widely considered a waste of money, with the sum better spent on the home itself.
Disadvantages of 100% Financing
Of course, there are also disadvantages to taking on 100% financing on mortgage loans with bad credit. The most obvious is that the size of the loan is much higher, and thus pushes up the overall debt.
With a 100% loan, the absolute maximum sum needs to be repaid, complete with interest. This can mean an extra ,000 or ,000 over the lifetime of the mortgage. So, when getting mortgage approval on these loans it is important to understand the difference they will make financially.
A second concern is that, when buying a home with a 100% financed mortgage loan, the homeowner starts off with no equity. When a down payment is made, it is independent of the mortgage and, therefore, it is the home equity, which can be used as security to secure financing at a later date.
Which Lenders to Consider
Generally speaking, the best lenders to go to when seeking 100% financing on mortgage loans with bad credit is to sub-prime lenders. This is because they specialize in loans to those in tight spots financially, offering terms that are more affordable.
They are not perfect in every way, however, as their loans come at higher rates of interest than others. But they are more willing to accept the risks involved in lending to applicants with low credit scores. This means that getting mortgage approval is much easier, but there is a higher price to pay.
Their products can be complicated, with adjustable rate mortgages included in the opening 3 or 4 years. Then a 30-year fixed rate mortgage loan begins, which can be more expensive because of the accommodating measures adopted in the adjustable rate mortgage at the start.
But while there are certainly advantages, there are also disadvantages, and it is important to weigh these factors up before getting mortgage approval on those terms. What is essential to consider is that the larger the loan the greater the debt, and the higher the percentage mortgage, the larger the loan borrowed.
Calculating the actual consequences of the selection of mortgage loans available is important if the right one is to be secured. And while 100% financing might be perfect for one, it might be too much to handle for others.
Advantages of 100% Financing
There are two principal advantages to getting 100% financing on mortgage loans with bad credit. The first, and most obvious, is that it makes it unnecessary to find alternative sources of funding to raise the down payment. Usually a mortgage lender is willing to provide funding on between 80% and 90% of the purchase price. The remaining share is paid for through a down payment.
However, the task of saving that amount of money - perhaps as much as ,000 - is a big ask. At the very least, it can delay the ability to buy by a year or more. Alternatively, some home buyers secure the balance by taking out a personal loan. Still, getting mortgage approval on 80% of the price is a major investment in its own right.
The second advantage is that private mortgage insurance is not necessary when securing this kind of mortgage loan. This might seem a small issue, but paying this insurance is widely considered a waste of money, with the sum better spent on the home itself.
Disadvantages of 100% Financing
Of course, there are also disadvantages to taking on 100% financing on mortgage loans with bad credit. The most obvious is that the size of the loan is much higher, and thus pushes up the overall debt.
With a 100% loan, the absolute maximum sum needs to be repaid, complete with interest. This can mean an extra ,000 or ,000 over the lifetime of the mortgage. So, when getting mortgage approval on these loans it is important to understand the difference they will make financially.
A second concern is that, when buying a home with a 100% financed mortgage loan, the homeowner starts off with no equity. When a down payment is made, it is independent of the mortgage and, therefore, it is the home equity, which can be used as security to secure financing at a later date.
Which Lenders to Consider
Generally speaking, the best lenders to go to when seeking 100% financing on mortgage loans with bad credit is to sub-prime lenders. This is because they specialize in loans to those in tight spots financially, offering terms that are more affordable.
They are not perfect in every way, however, as their loans come at higher rates of interest than others. But they are more willing to accept the risks involved in lending to applicants with low credit scores. This means that getting mortgage approval is much easier, but there is a higher price to pay.
Their products can be complicated, with adjustable rate mortgages included in the opening 3 or 4 years. Then a 30-year fixed rate mortgage loan begins, which can be more expensive because of the accommodating measures adopted in the adjustable rate mortgage at the start.
Sunday, February 2, 2014
Visa Black Card - The Look Of Luxury
We've all seen the wistful and dreamy commercials for the Visa Black Card, featuring a lovely-figured model in a very obvious black-covered theme. Black jets and black boats, and even a black helicopter to whisk the fair maiden off to a life of leisure. The makers of the commercial for the Black Card knew exactly what they were doing; these visions of wealth and relaxation appeal to most people, and more than would care to admit it appreciate and desire status and prestige.
How did the black card come about, exactly? Well, the original black card was the AMEX Centurion, which was virtually unknown by the general public, and available to even the rich only by invitation. It could literally purchase anything the card-holder desired, and there were outlandish reports of magnificent and quixotic purchases made. The AMEX still exists today, and has such requirements as an annual expenditure of 0,000 before an invitation is forthcoming from American Express, as well as a ,000 activation fee, with a 00 annual fee thereafter. Clearly, this is the kind of true black card that Maybach owners use.
The Visa Black is Advertising 101; it capitalizes on the mystique and prestige of the AMEX, offering luxury, although nowhere near the same level as the Black Card. Generally, the Black Visa is intended for those who spend between ,000 and 0,000 per year on credit, which comes out to around 1% of Americans. It has several outstanding attributes that serve notice:
- For the first 6 months, they give you 0% APR on balance transfers
- For every purchase, you get to choose between 1% cash back and airfare reward points
- A crisp, cool matte black Patent-pending Carbon card - no cheap plastic
- An all-day, all-night concierge service
- Luxury gifts from the rewards program, sent by mail to your address multiple times throughout the year
- A Priority Pass to over 600 exclusive airport lounges in almost 100 countries worldwide
- Restaurant dinner reservations for two at top eateries, steakhouses, etc
The benefits that the Visa Black Card offers don't stop there, either; multiple avenues of insurance are offered with the card, from travel and purchase security, to luggage and even automobile security. There is a 5 annual fee, which comes out to just monthly. With the cash-back and rewards program gifts, this amount is easily recouped by card holders.
The Visa Black Card is really just a luxury card for the rest of us, whereas the Centurion is virtually inaccessible. What if you are the type of person who makes enough to spend 0,000 per year? The AMEX black card is way out of reach even so; the Black Visa exists to take up the slack, and serve as an emblem of prestige, status and access for those that can afford it. It isn't recommended that you carry a balance on this card, however; it's main attraction are all the perks it offers, especially for a frequent traveler. Get a low-interest card to act as a supplement for those months when you wish to carry the balance on the Visa Black, and you'll be able to benefit greatly from using the Black Card.
How did the black card come about, exactly? Well, the original black card was the AMEX Centurion, which was virtually unknown by the general public, and available to even the rich only by invitation. It could literally purchase anything the card-holder desired, and there were outlandish reports of magnificent and quixotic purchases made. The AMEX still exists today, and has such requirements as an annual expenditure of 0,000 before an invitation is forthcoming from American Express, as well as a ,000 activation fee, with a 00 annual fee thereafter. Clearly, this is the kind of true black card that Maybach owners use.
The Visa Black is Advertising 101; it capitalizes on the mystique and prestige of the AMEX, offering luxury, although nowhere near the same level as the Black Card. Generally, the Black Visa is intended for those who spend between ,000 and 0,000 per year on credit, which comes out to around 1% of Americans. It has several outstanding attributes that serve notice:
- For the first 6 months, they give you 0% APR on balance transfers
- For every purchase, you get to choose between 1% cash back and airfare reward points
- A crisp, cool matte black Patent-pending Carbon card - no cheap plastic
- An all-day, all-night concierge service
- Luxury gifts from the rewards program, sent by mail to your address multiple times throughout the year
- A Priority Pass to over 600 exclusive airport lounges in almost 100 countries worldwide
- Restaurant dinner reservations for two at top eateries, steakhouses, etc
The benefits that the Visa Black Card offers don't stop there, either; multiple avenues of insurance are offered with the card, from travel and purchase security, to luggage and even automobile security. There is a 5 annual fee, which comes out to just monthly. With the cash-back and rewards program gifts, this amount is easily recouped by card holders.
The Visa Black Card is really just a luxury card for the rest of us, whereas the Centurion is virtually inaccessible. What if you are the type of person who makes enough to spend 0,000 per year? The AMEX black card is way out of reach even so; the Black Visa exists to take up the slack, and serve as an emblem of prestige, status and access for those that can afford it. It isn't recommended that you carry a balance on this card, however; it's main attraction are all the perks it offers, especially for a frequent traveler. Get a low-interest card to act as a supplement for those months when you wish to carry the balance on the Visa Black, and you'll be able to benefit greatly from using the Black Card.
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A bank is not the only source of loans. In fact, in many ways, traditional lending institutions are far from being the best lending sources around. This is especially true when an applicant has a poor credit history. But when seeking a ,000 personal loan with bad credit, what are the alternatives worth going to?
There are several options to consider, but the three most popular are online lenders, family lenders and salary advances from an employer. The truth is that securing loan approval, is more difficult with banks because of their defensive lending policies, designed to protect them from major losses.
But with so many honest borrowers affected badly by the economic crisis, a poor credit rating is no longer an accurate reflection on risk. Alternative lenders know this, so are willing to grant personal loans at competitive rates.
Loans From Family Members
Probably the most affordable loan, borrowing from a family member or friend is the most informal and flexible funding option there can be. What is more, the approval chances are extremely high (as long as the family member has the cash to give), and interest is not usually charged. What this means is that getting a ,000 personal loan with bad credit is pretty easy.
An advantage is that if any problems do arise with meeting a repayment schedule, then is it pretty easy to renegotiate the terms. And since the lender knows the applicant extremely well, securing loan approval is only a formality. However, it is always advisable to write the terms down and have the relevant parties sign it, to ensure there is no confusion.
It is very difficult to see where any problems with this source of personal loans can lie but, of course, everything depends on the individual having ,000 lying around to grant as a loan.
Loans From Online Lenders
They already have a reputation for providing unbeatable loan deals, so online lenders are probably the second-best option. Applying for a ,000 personal loan with bad credit is not guaranteed to end in joy, but with competitively low interest rates and flexible repayment schedules, they are more likely to be more affordable than those offered by traditional lenders.
The terms are good because online lenders tend to specialize in loans to bad credit borrowers, so the loan packages are designed to accommodate the challenges the borrowers typically face. And with the structure of these loans suiting bad credit borrowers so well, securing loan approval is much more likely.
Still, there are criteria to meet, with applicants needing to prove their age, citizenship and that they have a reliable source of income. Usually, an applicant needs to have held their full-time job for at least 6 months, and have an active checking account. Then a personal loan can be confidently applied for.
Loans From Employers
A third alternative to approaching traditional lenders, is to go straight to the source of your income. Applying for a ,000 personal loan with bad credit involves convincing the lender that repayments will not be missed. Since repayments come from a monthly salary, borrowing from an employer means the repayments can be deducted from the paycheck, and never be missed.
Basically, this is a form of cash advance, but securing loan approval from an employer usually means a nominal interest rate is charged. This means the monthly repayments are lower than normal, thus saving the borrower money.
But keep in mind that this kind of personal loan is not registered with credit agencies, so a borrower can never see their credit scores improved.
There are several options to consider, but the three most popular are online lenders, family lenders and salary advances from an employer. The truth is that securing loan approval, is more difficult with banks because of their defensive lending policies, designed to protect them from major losses.
But with so many honest borrowers affected badly by the economic crisis, a poor credit rating is no longer an accurate reflection on risk. Alternative lenders know this, so are willing to grant personal loans at competitive rates.
Loans From Family Members
Probably the most affordable loan, borrowing from a family member or friend is the most informal and flexible funding option there can be. What is more, the approval chances are extremely high (as long as the family member has the cash to give), and interest is not usually charged. What this means is that getting a ,000 personal loan with bad credit is pretty easy.
An advantage is that if any problems do arise with meeting a repayment schedule, then is it pretty easy to renegotiate the terms. And since the lender knows the applicant extremely well, securing loan approval is only a formality. However, it is always advisable to write the terms down and have the relevant parties sign it, to ensure there is no confusion.
It is very difficult to see where any problems with this source of personal loans can lie but, of course, everything depends on the individual having ,000 lying around to grant as a loan.
Loans From Online Lenders
They already have a reputation for providing unbeatable loan deals, so online lenders are probably the second-best option. Applying for a ,000 personal loan with bad credit is not guaranteed to end in joy, but with competitively low interest rates and flexible repayment schedules, they are more likely to be more affordable than those offered by traditional lenders.
The terms are good because online lenders tend to specialize in loans to bad credit borrowers, so the loan packages are designed to accommodate the challenges the borrowers typically face. And with the structure of these loans suiting bad credit borrowers so well, securing loan approval is much more likely.
Still, there are criteria to meet, with applicants needing to prove their age, citizenship and that they have a reliable source of income. Usually, an applicant needs to have held their full-time job for at least 6 months, and have an active checking account. Then a personal loan can be confidently applied for.
Loans From Employers
A third alternative to approaching traditional lenders, is to go straight to the source of your income. Applying for a ,000 personal loan with bad credit involves convincing the lender that repayments will not be missed. Since repayments come from a monthly salary, borrowing from an employer means the repayments can be deducted from the paycheck, and never be missed.
Basically, this is a form of cash advance, but securing loan approval from an employer usually means a nominal interest rate is charged. This means the monthly repayments are lower than normal, thus saving the borrower money.
But keep in mind that this kind of personal loan is not registered with credit agencies, so a borrower can never see their credit scores improved.
Saturday, February 1, 2014
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There is a general view that getting a 100% financed bad credit mortgage loan is the simplest way to buy your own home. But, just like every other loan, there are pros and cons associated with the option.
What should be kept in mind is that, as far as those with low credit scores are concerned, 100% mortgage loans, with bad credit ratings already factored into the calculations, make buying a home possible despite existing financial difficulties. Getting approval on these loans is not as complicated as many would think, especially with the more accommodating lending policies that have emerged in recent years.
Still, before it is possible to get mortgage loan approval despite bad credit, it is important to look at what the particular pros and cons are, and what the expected terms of such a loan are.
Advantages of a 100% Mortgage
The normal way to buy a home is to pay a down payment, and borrow the remaining amount in a mortgage, perhaps 80% of 90% of the actual property value. One advantage of getting a 100% financed bad credit mortgage loan is that no down payment is required.
This may seem counter productive, since the mortgage sum is the maximum value required, making monthly repayments will be higher. But with no down payment required, the borrower does not need to wait to raise the funds to pay the ,000 or ,000 needed. So, the deal can be done more quickly.
Getting a 100% mortgage loan with bad credit is not a simple task either, but since the expectation of a down payment, which usually figures in application assessments, is not there, the applicant sees one big worry removed. Of course, displaying the discipline required to save the money can help get mortgage loan approval despite bad credit, but it offers no guarantee.
Disadvantages of a 100% Mortgage
The principal negative to getting a 100% financed bad credit mortgage loan is the size of the debt that is taken on. A home costing 0,000, is going to come with a heavy monthly repayment, even over 30 years. Reducing that by even 10% through a down payment would mean savings of 0 or 0 per month.
There is also a question over the value of home equity when a 100% mortgage loan with bad credit is used to buy the property. Remember that by borrowing 100% of the required sum, all of the home is effective owned by the mortgage lender. However, an 80% mortgage would mean 20% equity is in the possession of the borrower.
Also, the repayment structure of this kind of mortgage is more complicated. Often, borrowers will face an adjustable interest rate for the first few years, which will then go up. Of course, a fixed rate is easier to budget for.
So, mortgage loan approval, despite bad credit, on 100% of the purchase price is not always perfect.
Key Terms of a 100% Mortgage
As tempting as it is to believe that a 100% financed bad credit mortgage loan is the simple answer to your problems, they can prove extremely expensive. The fact is that with bad credit a factor, the interest rate will be quite high, so unless some wisdom is applied in the calculations, just keeping up with repayments on the 100% mortgage loan with bad credit could be a debilitating debt.
What is more, sub prime lenders are the experts that handle bad credit borrowers in debts of this nature, and they are famed for their higher rates and fees. However, when seeking mortgage loan approval despite bad credit, at least they make a home purchase possible.
What should be kept in mind is that, as far as those with low credit scores are concerned, 100% mortgage loans, with bad credit ratings already factored into the calculations, make buying a home possible despite existing financial difficulties. Getting approval on these loans is not as complicated as many would think, especially with the more accommodating lending policies that have emerged in recent years.
Still, before it is possible to get mortgage loan approval despite bad credit, it is important to look at what the particular pros and cons are, and what the expected terms of such a loan are.
Advantages of a 100% Mortgage
The normal way to buy a home is to pay a down payment, and borrow the remaining amount in a mortgage, perhaps 80% of 90% of the actual property value. One advantage of getting a 100% financed bad credit mortgage loan is that no down payment is required.
This may seem counter productive, since the mortgage sum is the maximum value required, making monthly repayments will be higher. But with no down payment required, the borrower does not need to wait to raise the funds to pay the ,000 or ,000 needed. So, the deal can be done more quickly.
Getting a 100% mortgage loan with bad credit is not a simple task either, but since the expectation of a down payment, which usually figures in application assessments, is not there, the applicant sees one big worry removed. Of course, displaying the discipline required to save the money can help get mortgage loan approval despite bad credit, but it offers no guarantee.
Disadvantages of a 100% Mortgage
The principal negative to getting a 100% financed bad credit mortgage loan is the size of the debt that is taken on. A home costing 0,000, is going to come with a heavy monthly repayment, even over 30 years. Reducing that by even 10% through a down payment would mean savings of 0 or 0 per month.
There is also a question over the value of home equity when a 100% mortgage loan with bad credit is used to buy the property. Remember that by borrowing 100% of the required sum, all of the home is effective owned by the mortgage lender. However, an 80% mortgage would mean 20% equity is in the possession of the borrower.
Also, the repayment structure of this kind of mortgage is more complicated. Often, borrowers will face an adjustable interest rate for the first few years, which will then go up. Of course, a fixed rate is easier to budget for.
So, mortgage loan approval, despite bad credit, on 100% of the purchase price is not always perfect.
Key Terms of a 100% Mortgage
As tempting as it is to believe that a 100% financed bad credit mortgage loan is the simple answer to your problems, they can prove extremely expensive. The fact is that with bad credit a factor, the interest rate will be quite high, so unless some wisdom is applied in the calculations, just keeping up with repayments on the 100% mortgage loan with bad credit could be a debilitating debt.
What is more, sub prime lenders are the experts that handle bad credit borrowers in debts of this nature, and they are famed for their higher rates and fees. However, when seeking mortgage loan approval despite bad credit, at least they make a home purchase possible.
{prltitle}
My family consists of 5 people. I am the youngest. I grew up in a small village outside of Surin. When I was 6 years old my mom left us to go work in Bangkok so I stayed with my dad and my brother and sister. My sister is the oldest one of us, about 5 years older than me, and when she was 12 years old she also had to go to Bangkok to work with my mom. My dad did not stay with us much because he had to go away to find work in other places. He stayed with us when it was time to farm the rice but otherwise he was working in sugar plantations in Suphan Buri. Most of the time it was just me and my brother but we had relatives living close who helped us with food and to look after us.
In the rice farming season the older students at school had to help to farm the rice for the school. I started helping when I was about 10 years old. The school I went to taught students up to the age of 12. When my brother was living with me he did everything to help me but when he was 13 years old, I was 11, he had to go away for work and I didn't hear anything from him or about him for a very long time. At this time I stayed with my aunt who lives in the same village but when my dad was home I stayed with him. All this time I only saw my mother maybe 1 time every year and I did not understand why she had to go away and leave us.
When I was 12 years old and finished school my mom came to get me to go to work with her in Bangkok. I didn't want to go. I wanted to continue to go to school and I could not understand why she wouldn't let me. I later found out that my dad likes to play cards and had lost a lot of money and land doing so. He had borrowed money from people using our land titles as security but could not pay them back so they took the land. My mom wanted to pay of the loans on some of our land, so we would at least have something, but needed me to help working to get the money to do so. For Thai people it is important to have some land to pass on to your kids. So when I was 12 I went with my mom to work in the textile industry in Bangkok.
When I first came to Bangkok my feeling was that I hated the city. I wanted to go to school and did not want to be here! I started to work 7.30 am and work until 9 pm every day but Sunday. Sometimes we had to work Sundays also. I was working producing fabrics for the textile factory. It was hard work and I hated it! We didn't even go out to eat because they gave us food inside the factory. I remember thinking "where is the sun" because I never saw it.
After 1 year my sister had to go back to Surin to marry a guy that my aunt had found for her. My sister had never met the guy before and she was very upset to marry someone she did not love, but she had to do it. My sister and the guy divorced after 1.5 years but had one baby together. After that my sister came back to work in Bangkok again.
After I had worked in the factory for one year I tried to go back to school at the same time as I was working. I went every Sunday and I had a lot of friends and I liked it a lot! When I had been in Bangkok for about 2 years I had friends and my feeling was that I now loved Bangkok. I heard that a lot of my friends back in Surin had gotten married and had kids and had gotten divorced already. My feeling was that coming to Bangkok had changed the way I looked on many things and that I had learned a lot of things I would not have learned in Surin. When I look on my friends who had families early I think that if I would have stayed in Surin my life would have been the same as theirs. This is one of the reasons why I love Bangkok.
In the rice farming season the older students at school had to help to farm the rice for the school. I started helping when I was about 10 years old. The school I went to taught students up to the age of 12. When my brother was living with me he did everything to help me but when he was 13 years old, I was 11, he had to go away for work and I didn't hear anything from him or about him for a very long time. At this time I stayed with my aunt who lives in the same village but when my dad was home I stayed with him. All this time I only saw my mother maybe 1 time every year and I did not understand why she had to go away and leave us.
When I was 12 years old and finished school my mom came to get me to go to work with her in Bangkok. I didn't want to go. I wanted to continue to go to school and I could not understand why she wouldn't let me. I later found out that my dad likes to play cards and had lost a lot of money and land doing so. He had borrowed money from people using our land titles as security but could not pay them back so they took the land. My mom wanted to pay of the loans on some of our land, so we would at least have something, but needed me to help working to get the money to do so. For Thai people it is important to have some land to pass on to your kids. So when I was 12 I went with my mom to work in the textile industry in Bangkok.
When I first came to Bangkok my feeling was that I hated the city. I wanted to go to school and did not want to be here! I started to work 7.30 am and work until 9 pm every day but Sunday. Sometimes we had to work Sundays also. I was working producing fabrics for the textile factory. It was hard work and I hated it! We didn't even go out to eat because they gave us food inside the factory. I remember thinking "where is the sun" because I never saw it.
After 1 year my sister had to go back to Surin to marry a guy that my aunt had found for her. My sister had never met the guy before and she was very upset to marry someone she did not love, but she had to do it. My sister and the guy divorced after 1.5 years but had one baby together. After that my sister came back to work in Bangkok again.
After I had worked in the factory for one year I tried to go back to school at the same time as I was working. I went every Sunday and I had a lot of friends and I liked it a lot! When I had been in Bangkok for about 2 years I had friends and my feeling was that I now loved Bangkok. I heard that a lot of my friends back in Surin had gotten married and had kids and had gotten divorced already. My feeling was that coming to Bangkok had changed the way I looked on many things and that I had learned a lot of things I would not have learned in Surin. When I look on my friends who had families early I think that if I would have stayed in Surin my life would have been the same as theirs. This is one of the reasons why I love Bangkok.
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