tag:blogger.com,1999:blog-32750372Sun, 31 Aug 2008 20:23:00 +0000I am temporarily homeless and have bad credit. The challenge then is to see if all those late night informercials on buying real estate with nothing down have any substance. Although this Blog was created after I chanced upon Robert Allen's book The Challenge it is in no way affiliated with him or any other real estate "guru". My success or failure rests squarely upon my own shoulders.http://www.ownahomewithbadcredit.com/blog/noreply@blogger.com (Chris)Blogger39125tag:blogger.com,1999:blog-32750372.post-3967861648239475809Sun, 31 Aug 2008 20:23:00 +00002008-08-31T13:23:00.513-07:00credit repairdebt settlementdebt consolidationOne of the primary reasons people fear enrolling into a debt settlement program is that they fear credit damage. This article examines how and why debt settlement can hurt one’s credit score and the expected damage from utilizing such a service. Debt settlement itself does not hurt one’s credit. Unlike bankruptcy, it does not appear as separate listing on one’s credit report that independently http://www.ownahomewithbadcredit.com/blog/2008/08/debt-settlement-and-credit-damage.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-7827100135246968856Sun, 31 Aug 2008 01:22:00 +00002008-08-30T18:22:00.532-07:00bad credit loansdebt consolidationWith the renewed paying capacity, a borrower who wanted a loan with bad credit must take advantage of the debt consolidation loan by paying this single loan payment on time and without fail, and finding the way towards improving the credit score. Any borrower with sizable debts must have accumulated it from various credit sources such as credit card, mortgages, and student loans among many http://www.ownahomewithbadcredit.com/blog/2008/08/loan-with-bad-credit-debt-consolidation.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-7015547166344664654Tue, 26 Aug 2008 13:19:00 +00002008-08-26T06:19:00.272-07:00armmortgageadjustable rate mortgageMortgage interest rates were virtually unchanged this week. The 30 Year rate stayed even at 6.52. The 15 year rate moved up a little from 6.07 to 6.10 and the 5 year arm moved down from 6.07 to 6.05. The only rate that moved much was the one year are which fell from 5.27 to 5.22. The one year Arm had the biggest fall last week as well. So in total for the last two weeks the 1 year arm has fallen http://www.ownahomewithbadcredit.com/blog/2008/08/mortgage-interest-rates-keep-steady.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-6602517084663099249Mon, 25 Aug 2008 21:16:00 +00002008-08-25T14:16:00.244-07:00mortgagemortgage brokerA mortgage broker is able to utilise industry knowledge and experience to source deals that can be beneficial to an applicant. Thanks to legislation in favour of the consumer, the broker must offer advice that is appropriate to the applicant’s circumstances and can be held financially liable if their information or advice is later found to be defective or misleading. Therefore a broker must http://www.ownahomewithbadcredit.com/blog/2008/08/beginners-guide-to-using-mortgage.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-5069052226811236886Mon, 25 Aug 2008 01:14:00 +00002008-08-24T18:16:11.977-07:00refinancemortgage ratesmortgagehome equityWhen looking at home mortgage refinancing, rates and terms of the loan are critical. The rate is the amount of interest that you will be applied to the unpaid principal during each loan payment period, while the term is the length of time before the loan is paid off. It is important to understand how various combinations of these two factors affect the total cost of your loan. Make certain that http://www.ownahomewithbadcredit.com/blog/2008/08/home-mortgage-refinancing-how-rates-and.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-8329096074614724564Tue, 18 Dec 2007 21:55:00 +00002007-12-18T13:59:03.869-08:00This video covers the need to understand why the bad credit rating, is it a short or long term problem? Also touches upon getting mortgages post-bankruptcy, wether you have bruised or bad credit. http://www.ownahomewithbadcredit.com/blog/2007/12/bad-credit-mortgage-video.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-587534325778944494Sat, 25 Aug 2007 02:56:00 +00002007-08-24T19:56:19.767-07:00Here's a recent article with some very good information for those people starting out on the whole debt consolidation route for cleaning up their credit, specifically from credit card debt: Bad Credit Debt Consolidation – Consolidate Your Financial Status: "Types Of Bad Credit Debt Consolidation Broadly speaking, there are two kinds of bad credit debt consolidation. One is “Bad Credit Debt http://www.ownahomewithbadcredit.com/blog/2007/08/bad-credit-debt-consolidation.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-3216030003883498695Sun, 04 Mar 2007 21:58:00 +00002007-03-04T14:02:29.999-08:00Casey Serin, a 24 year old Real Estate Investor bought 8 houses in 8 months in 4 states with no money down looking to fix 'n flip. Unfortunately he made a few mistakes along the way in got in over his head with many of the homes facing foreclosure. His blog, IamFacingForeclosure.com is an excellant read introducing first time real estate investors to some of the day to day problems they may face.http://www.ownahomewithbadcredit.com/blog/2007/03/interview-with-casey-serin.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116647387712159985Mon, 18 Dec 2006 20:29:00 +00002006-12-18T12:31:17.136-08:00How can you be sure you’ve got the right mortgage broker as you shop around? First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell? Here are http://www.ownahomewithbadcredit.com/blog/2006/12/discover-four-essential-questions-you.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116615772642967163Fri, 15 Dec 2006 04:37:00 +00002006-12-14T20:42:06.440-08:00When you are in a hole, the first thing to do is to stop digging! So if you are in debt, the first thing you should do is to lessen your spending and increase your saving in order to reduce your debt. While it will take some time to repay your entire debt the key to staying out of debt lies in being able to maintain that low expense lifestyle and garner some savings. Saving money is something http://www.ownahomewithbadcredit.com/blog/2006/12/debt-management-spending-less-means.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116607934996756366Thu, 14 Dec 2006 06:52:00 +00002006-12-13T22:55:49.976-08:00If you have money saved up through stock investing or some other medium, you may be looking at a tremendous opportunity in the real estate market in 2007. Hoard Your Money and Buy Property in 2007 For many prudent people, an obvious bit of their financial planning is hoarding money for certain events. The first is to simply have a “rainy day” fund for those times when life jumps up and bites http://www.ownahomewithbadcredit.com/blog/2006/12/hoard-your-money-and-buy-property-in.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116599310936123241Wed, 13 Dec 2006 06:54:00 +00002006-12-12T22:58:29.373-08:00It is recommended that you work with a mortgage broker or a mortgage lender before you shop for a house. You don't want to end up falling in love with a home and then finding out you can't afford it. Getting pre-qualified or pre-approved for a loan can help you decide what price range fits your situation. So what's the difference between a mortgage broker and a mortgage lender? A mortgage brokerhttp://www.ownahomewithbadcredit.com/blog/2006/12/mortgage-broker-or-mortgage-lender.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116585032372326704Mon, 11 Dec 2006 15:14:00 +00002006-12-11T07:18:43.736-08:00As the housing market loses value and interest rates go up, many people are getting a nasty surprise. Simply put, they are having trouble meeting their mortgage payments. Trouble Meeting Your Mortgage Payments? In the recent smoking hot real estate market, the conditions were perfect for buyers and sellers alike. Buyers were presented with unbelievably low interest rates. This, of course, http://www.ownahomewithbadcredit.com/blog/2006/12/trouble-meeting-your-mortgage-payments.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116569610882947127Sat, 09 Dec 2006 20:25:00 +00002006-12-09T12:28:28.840-08:00By: Adam J. Heist While dealing with debt collection agencies is nothing any of us look forward to, it is sometimes necessary. Here are some useful reminders in helping to deal with them:- 1. Know your Rights You always have a right to be treated with respect, fairly and have your privacy respected. You do not need to listen to any obscene language, threatened or be called names. You also have http://www.ownahomewithbadcredit.com/blog/2006/12/debt-management-dealing-with.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116561899264238635Fri, 08 Dec 2006 22:59:00 +00002006-12-08T15:03:12.656-08:00by Rick Martin Do you want to buy a new house or maybe start a real estate business? The best way to do this is to buy a foreclosed house. In this article you can find the most important things that you should know before buying a property using foreclosure listings. First of all what are foreclosure listings? Foreclosure listings are detailed lists that give you all the information you need http://www.ownahomewithbadcredit.com/blog/2006/12/foreclosure-listings-and-bank.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116541010539285924Wed, 06 Dec 2006 12:58:00 +00002006-12-06T05:01:45.426-08:00You're bankrupt. You're doing all the right things to improve your credit and recover from your bankruptcy (i.e., managing your money and credit well, increasing your credit scores, paying your bills early or on time, and re-establishing credit). So when does the dark cloud that's been over you since you filed bankruptcy leave? The answer is, "it depends." With some lenders, as long as your http://www.ownahomewithbadcredit.com/blog/2006/12/how-long-does-it-take-to-recover-from.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116463294929208258Mon, 27 Nov 2006 13:06:00 +00002006-11-27T05:09:09.463-08:00by: Charles Essmeier A home is the single most expensive thing most people will ever purchase. In addition, paying off a home loan can take as long as forty years and will involve paying an amount of interest that exceeds the cost of the house itself. In short, buying a house is not something to be done without a lot of forethought. With the average American living in their homes for seven yearshttp://www.ownahomewithbadcredit.com/blog/2006/11/mortgage-tips-for-first-time-buyers.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116455185649311253Sun, 26 Nov 2006 14:34:00 +00002006-11-26T06:37:36.503-08:00by: Randy Rowles Credit repair is something most people absolutely fear. Many people do not think when it comes to signing on the dotted line to make a purchase by credit card or loan. When the bill comes in, it can be time for credit repair or reduction! Bad debts can ruin your lifestyle and even your health through stress. When it comes to making credit decisions, most individuals are always http://www.ownahomewithbadcredit.com/blog/2006/11/credit-repair-take-action-now.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116439062749222466Fri, 24 Nov 2006 17:47:00 +00002006-11-24T09:50:27.506-08:00by: Brandon C. Hall Most people have some sort of debt. Almost everyone has a credit card balance, an outstanding student loan, or mortgage and car payments. All these loans and their payments result in a credit history, which most people don't usually give too much thought too until it's too late. Your credit history can have a major influence on your life, and once you credit history becomes http://www.ownahomewithbadcredit.com/blog/2006/11/be-cautious-when-considering-credit.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116419870446742310Wed, 22 Nov 2006 12:27:00 +00002006-11-22T04:31:44.480-08:00by: Joseph Kenny One of the best investments that you can be involved in today is that which deals in real estate. Right now, real estate is moving very good and it is a good time to be dealing with it. Much money can be made in real estate transactions and the good news is that you can make a lot of money quickly - if your investments and selling techniques are made wisely. Here are a few http://www.ownahomewithbadcredit.com/blog/2006/11/how-to-get-started-in-investment.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116403566106088465Mon, 20 Nov 2006 15:11:00 +00002006-11-20T07:14:21.073-08:00by: Brandon C. Hall Having good credit is an essential tool in today's economy - it allows you to have a credit card, to obtain car and house loans, and many other conveniences. While you can live without good credit, a bad credit rating will certainly affect you negatively throughout your life. The key to your credit rating lies with a credit bureau. There are a handful of credit bureaus in http://www.ownahomewithbadcredit.com/blog/2006/11/credit-repair-how-to-deal-with-credit.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116379158708188043Fri, 17 Nov 2006 19:23:00 +00002006-11-17T11:26:27.093-08:00by: John R. Blakefield Throughout your home owning experience, you may run into unexpected events that cause you to use your options of increasing and decreasing both your debt and home equity in your property. Mortgages are really just that, a change in the amount of money you owe (debt) and the amount of ownership in your property (home equity). The first time you buy a home, it is very http://www.ownahomewithbadcredit.com/blog/2006/11/buying-home-for-first-time-or-needing.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116375408597953512Fri, 17 Nov 2006 08:58:00 +00002006-11-17T01:01:25.990-08:00by: Michael Challiner Late last year, accompanied by the usual razzmatazz, Gordon Brown announced the Governments new “Open Market Homebuy” mortgage scheme for first-time buyers. Under the Homebuy scheme, first time buyers take out a mortgage for 75% of a home's value with no deposit and the Government and the mortgage lender will in practice buy the remaining 25% of the property. Then when thehttp://www.ownahomewithbadcredit.com/blog/2006/11/by-michael-challiner-late-last-year.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116348353530680308Tue, 14 Nov 2006 05:49:00 +00002006-11-13T21:52:15.316-08:00Will Real Estate prices keep going up or will the bubble burst? Who knows? Either way, real estate is a risky business. Tying up all that money and having very little liquidity can spell disaster for any investor. In any hot market there are always ways to make money without taking any risk yourself. Just look at Levi Strauss. He traveled west during the Gold Rush to make his fortune as a goldhttp://www.ownahomewithbadcredit.com/blog/2006/11/how-to-make-money-in-real-estate.htmlnoreply@blogger.com (Chris)tag:blogger.com,1999:blog-32750372.post-116333724825146733Sun, 12 Nov 2006 13:11:00 +00002006-11-12T05:14:08.260-08:00Oddly enough, not only will bad credit work against you when applying for a loan or a credit card, but no credit will too. Even though this doesn’t seem fair, it is the way things work in the complicated world of consumer credit. Lenders are leery about opening accounts for people with no credit history because they simply have nothing to base your reliability on. So, if you can’t build a credithttp://www.ownahomewithbadcredit.com/blog/2006/11/applying-for-credit-card-with-no.htmlnoreply@blogger.com (Chris)