Mortgage with bad credit, no docs, but some cash - Posted by Brenda

Posted by Brenda on May 19, 2006 at 19:50:44:

Oops!

Mortgage with bad credit, no docs, but some cash - Posted by Brenda

Posted by Brenda on May 19, 2006 at 19:49:31:

I’m a small business owner, which has gone good and bad. The bad caused problems with my credit, however, right now everything is up do date.

The good gave me about $35k-$45k to play with.

I have an opportunity for a house at $100 that is already being rented. I want to do this loan without eyes peering into my income. I don’t mind them seeing my bad credit.

What’s the best way to handle this?

-Brenda

How to… - Posted by Clint

Posted by Clint on May 21, 2006 at 11:25:35:

Contact a mortgage broker,

You want a no doc loan, interest rate is higher, and you could possibly get away with 10% down on this…

Clint