good company » Mortgage and Insurance

I am currently in a bad financial situation. I have terrible credit and can’t even get approved for a new credit card. My monthly payments on my car and credit cards are too much for me to handle. Recently, I have even been having trouble making my mortgage payment. The sad thing is that my mortgage payment is currently only $ 900. I currently owe $ 12,000 on my mortgage and my house is worth anywhere between $ 600,000 and $ 800,000.
I want an equity loan of $ 100,000. I will use this money to pay off all other debt and help fund my son’s college education. I do have steady income and will have no problem making the payment on this loan.
Are there any good company’s that will finance my loan? I am afraid that if I apply to too many places I will ruin my chances of getting the loan because I know that each failed application has a adverse affect on my credit score. Any help is appreciated.

December 31, 2011
Posted by jedwan at 11:45 pm
No Responses
mortgage
college education, Credit Score, credit-cards, financial situation, good company, help fund, home equity loan, mortgage payment, s college, sad thing

Who knows how many points they need to get 100% financing, they are a good company

December 30, 2011
Posted by jedwan at 9:53 pm
No Responses
mortgage
good company, mortgages

My friend is really in a bit of a financial pickle:-( Due to her being a credit risk, she pays a higher mortgage rate.Alot of recent finance situations have just changed4 her& has lowered her monthly income majorly!She has asked me to look into some Companies that she has seen in the newspaper, who buy your home and rent it back to you (presumably lowering her outgoings) and also some offer that you can buy it back eventually! I am worried for her, due to the amount of equity she has made on her house, although it is in a really bad condition inside, sadly.This woman is about to turn 50 and I try all I can to help her. I am going to look at the websites, advertised on the ads she has shown me..however I thought it would be a good idea to come on here also, to see if anyone had any knowledge or these type of schemes and any advice that they can give. I am worried re pitfalls/catches etc. I know she will loose equity..but just how much % wise?!?! Sadly, she is not good with money also:-(
Thankyou, in advance, for any help/advice etc that you can give. This is not something I want her to rush into with her eyes shut, but she sees no other way out! Her mortgage ‘deal’ ends Dec07.I have suggested she move her mortgage and possibly get a lower rate at a fixed rate.I would suggest she doesn’t move onto interest only, however this may also be an option for her, if it cuts her bills and saves her home.She feels that due her being high risk etc, she won’t get deal..however she has never missed a payment and her bank have said she is classed as a great customer..so I’m hoping that she would be able to get something arranged. I really do hope some people have some knowledge of these type of Companies that buy your property from you.. good/bad or indifferent, just to give me an idea .. so I can try to help her. Thankyou, once again. (ps if anyone knows of any good Company, within Scotland) that do this, please can you let me know. Cheers!

Our credit isn’t that good, and I am wanting 100% financing. We have very little debt, and good income. I have heard a few people say its a good company.