How and where to get a mortgage?

Hi! I was wondering if anyone know if there is a way for me to get a really low mortgage with not very good gredit. Or if you know of any lenders that could help me. I am able to put 10% down and I would need a loan for about $50,000. Any help would be great. Thank you!How and where to get a mortgage?
In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book.





Make sure this mortgage broker or mortgage banker is able to do government loans such as FHA and VA loans if you qualify for one.





He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate.





The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase.





When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started.





#1 One month of pay stubs for each person that will be on the mortgage.





#2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment.





#3 Two years of federal income tax along with the W-2 that match.





Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased.





Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral.





Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments.





If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan.





You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once.





Make sure your mortgage broker explain all your options so you may make an intelligent decision.





What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else.





So select the best option for you and your financial situation.





You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment.





Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign.





Your mortgage broker will now order an appraisal to show proof of the property value.





The mortgage broker might ask for additional information or documentation, don't get all up tight this is normal, just supply the information or find the documents needed.





After the appraisal has been completed you will be called by your mortgage broker to sign your loan docs so you can take possession of your new home.





Before signing any loan docs make sure they say exactly what you and your mortgage broker went over when you decided on what mortgage program was best for you.





I hope this has been of some use to you, good luck





';FIGHT ON';How and where to get a mortgage?
I have been poor my hole life, Now the midclass %26amp; rich can see how the poor %26amp; homeless live, You walk down the side walk thinking you're a lot better than the poor are %26amp; homeless. You are saying to yourself that will not happen to me.I have a good job, nice home, People are one pay check from being homeless. I can't go to church i have been turn away from churchs, Read the outlaw preyer on google.com by Johnny Paycheck its a true story in a song it happened in Ft Worth Tx, You midclass %26amp; rich have turned your back on us for years, Now you can see how it feels. Go live in the woods tell the city council tells the police go out %26amp; run you out of town like it happen to a lot of us poor %26amp; homeless.The city council is the ones hire the police to do their dirty work,
There are a number of companies and organizations that will approve you for a home loan no matter what your credit score but you're likely to pay outrageous fees and the interest you'll pay on the loan will be two to three times the average rate if you don't have a good credit score as in your situation. The best measure is to first fix you credit and you can then go ahead and apply your loan. you may want to read more from the source http://home-mortgage-bomb.blogspot.com/2009/03/easy-mortgage-for-bad-credit-solution.html
I can help with your mortgage!








I am a mortgage broker. If I can be of service, please let me know!





Martin Smith





Precision Funding


877-238-6324 Ext 704


513-536-7184


877-238-6324 FAX


MSmith@PrecisionFundingUSA.com


http://www.PrecisionFundingUSA.com
Hello Everybody,


my name is Jason Phillips,a U.S based graduate.i know of a good money lender who loans at a minimum interst rate of 2%.He happens to be Mr.John Clarke.he is the person i owe all gratitude because he gave me loan of $50,000 to fund my education for a duration of 10yrs.


So please if you want anything like loan please do well to contact him at clarkeloanscompany@yahoo.com
visit bestmortgage.notlong.com, here just by submitting your zip code and loan amount you can have the rates for different lenders and you can apply easily online.