Can i draw from mortgage loan next to poor credit and a fico ranking of 425 if so where on earth contained by ga?
Answers:
It's doubtful. The subprime lending market have pretty much dried up.
It would be better for you to rent, and work on restoring your credit history and score.
Only other alternative is to find a seller predisposed to carry a real estate contract. The peddler becomes the lender in that skin. A good alternative to a mortgage, but if you miss a single payment, you can lose everything. You don't enjoy the protection of foreclosure procedings when someone carries a real estate contract for you.
Not a fortune. This liquidity crisis was caused by too-loose credit going to the non-creditworthy. They can't salary so no one has any money as a result. A FICO of 425 is such an appallingly doomed to failure credit rating, it will be a miracle if you can find a landlord willing to rent you an apartment. No one is going to lend you a cent even if they own it.
Related Questions: