I have been turned down for a second mortgage on my home & no other place has even contacted me.?
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I would have to agree with the companies that everyone else has already commented on. The only one that I would warn you about is Quicken Loans. They have had over 320 complaints within the last 3 years with 132 if those being in the last 12 months. They make their living off of the "bait and switch" routine where they tell you what you want to hear and then change it when you sign. Another thing that I would add is that if you are planning on going to a lender like Countrywide then you should also check out brokers such as Ace Mortgage because they are generally partnered with those companies and can give you a better deal through them then Countrywide can do directly.
Try lendingtree.com. Or countrywide home loans.
Try Countrywide Home Loans or Quicken Loans, they could help you, both good companies.
You could try Greenlight Financial, Ditech, or Chase Bank. I am a notary and have done loans with these companies. They seem to work well for people with less than perfect credit. Keep shopping around on the internet and see what else pops up. Good luck.
You might consider heading down to the track and asking around there.
You may well qualify for an FHA loan if you have reestablished and maintained excellent credit since the closin gof the bankruptcy. Contact a local experienced mortgage banker and ask specifically about an FHA loan.
Contact a local mortgage broker. If they are good they will have access to several lenders who may have programs to help you out. A 2nd mtg. requires significantly higher credit scores (often 680+) than does a 1st mtg (500's). Your LTV will also have a direct affect upon the approval, rate, and terms of the 2nd. Good luck.
Hi,
That's too bad. It's really sad that your husband's employer had problems and transferred them to you with the loss of his job. There really needs to be some changes to the credit reporting systems as we know them. Just terrible!
Have you simply tried your bank? Sometimes sitting with your representative at a bank and explaining the whole situation, especially if you have been a customer for years, makes it easier to get that loan or second mortgage. The bank must know your communities economical difficulties, including those of your husband's previous employer, therefore, they may be more sensitive than you think. It's worth a try, and if they decline you, maybe they can give you some idea of where to go. There are also private mortgage companies who will invest in high risk loans, but please be very careful, and do lots of research of them (there are, of course, unscupulous people out there)
Best of luck
has your bk been discharged? if not you will be hard pressed to find a second. also, if you let me know of your situation in a little more detail, i can probably steer you toward something better.
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