How to Buy a Home With No or Poor Credit (Paperback)

by Thomas K. Masters (Author) "Yes, this is true..." (more)
Key Phrases: rehabilitation escrow account, monthly loan advances, final release notice, Veterans Administration, Fannie Mae, United States (more...)

Editorial Reviews

Product Description
Own your own home-regardless of your credit rating

You can be a homeowner—even if your credit is nothing to brag about or virtually non-existent. This practical, fact-filled guide shows how to achieve your goal of home ownership with your current credit. Mortgage loan officer Thomas K. Masters teaches you the basics of home buying, from alternative mortgage programs to financing tips that will help you avoid the red tape of many home loans. Clear, concise, and free of technical jargon, this accessible, straightforward reference is filled with real-life examples. Here's where you can find essential information on:

• "Qualifying ratios" set by the federal lending authorities
• Assumable financing, wraparound financing, quitclaim deeds with refinance options, lease options, and quick qualifying loans
• What to look for in a lender
• Ways to qualify for low-down and no-down payment home loans
• Understanding loan applications and forms
• How to clean up your credit profile

From the Publisher
Written in plain English this practical book is designed to help readers understand the purchase process by explaining proven techniques for acquiring a house without having to apply for credit. Contains detailed coverage of assumable and wrap-around financing, quitclaim deeds with refinance options, quick qualifying loans, lease options and more. Describes numerous alternative mortgage programs, how to obtain income through home equity, how to select a lender and the ins and outs of cleaning up your credit. Includes step-by-step instructions to complete an application for a home loan.

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Product Details

• Paperback: 208 pages
• Publisher: Wiley; 1 edition (April 29, 1996)
• Language: English
• ISBN-10: 0471119962
• ISBN-13: 978-0471119968
• Product Dimensions: 9.1 x 6.1 x 0.6 inches
• Shipping Weight: 12.2 ounces (View shipping rates and policies)
• Average Customer Review: No customer reviews yet. Be the first.
• Amazon.com Sales Rank: #784,086 in Books (See Bestsellers in Books)

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