How to Buy a Home With No or Poor Credit [Hardcover]

Thomas K. Masters (Author)

Book Description

ISBN-10: 0471119970 | ISBN-13: 978-0471119975 | Publication Date: September 1999

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

--This text refers to the Paperback edition.

Editorial Reviews

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. --This text refers to the Paperback edition.

From the Back Cover

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

--This text refers to the Paperback edition.

See all Editorial Reviews

Product Details

• Hardcover: 208 pages
• Publisher: John Wiley & Sons Inc (September 1999)
• Language: English
• ISBN-10: 0471119970
• ISBN-13: 978-0471119975
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars A definite read for buying a home with no or poor credit, October 28, 2011

By 

O. Roman "8th Wonder of the World" (Asheboro, NC) - See all my reviews
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This review is from: How to Buy a Home With No or Poor Credit (Paperback)

Most of the ideas in this book are realistic. However, don't expect to read a "no money down" scheme in buying the home of your dreams. It will take money but like the title reads credit will not be an issue.