Many people will have the experience of facing financial difficulties at one time or another for a variety of reasons. Being a little short of money can result in you falling behind with bills, bank loans, credit cards, mortgage repayments and alike.

This in turn can lead to having defaults, County Court Judgements (CCJs) and even bankruptcy. Even if the problems are short lived they can still tarnish your credit record and make it difficult for you to obtain finance.

There are no accurate figures on the amount of people that get turned down for a mortgage from a high street lender, but it is widely estimated that it is about 1 in 5. Generally this is due to minor misunderstanding and can often be resolved. But even after this it is estimated that one in eight people will not be able to get a main stream mortgage and have to go to a specialist lender.

Why Do People Get Turned Down For Credit?

There are a number of reasons and situations for which someone will be turned down for a mortgage. It may simply be that the applicant has put down some incorrect details on the application form. Another reason might be that your previous landlord did not bother to confirm that you used to pay the rent on time.

Another more serious reason that people get turned down for a mortgage is that they do not have enough credit points. When you apply for a mortgage the lender will carry out a credit check on you. (more...)

Originally posted 2007-08-08 11:00:05. Republished by Blog Post Promoter

Technorati Tags: CCJ, Chris James, money, mortgage

As we've mentioned before here, in Rent To Own Real Estate, the key is to find a motivated seller. There are many really motivated sellers out there now trying to get out from under a mortgage they can no longer afford. So the problem now is not how to find a home to rent to buy or lease option. The problem now is how to deal with the current home owner and put a deal together.

• • How do you approach them?
  • How do you build rapport with them?
  • How do you determine what to offer for their home?
  • Where do you find the paperwork you need?
  • How do you actually "Do The Deal"?

These are a few of the questions that keep the non-investor from trying to buy a home on a "rent to own" basis. There is now a new ebook that covers all of these questions and more.

The author, Charles W. Moore, directs his book to people trying to begin or improve a career in real estate investing. This is great for you even if you don't want to become an investor. Everything is laid out in easy to understand terms. He includes the forms you need, several bonus reports and maybe best of all a half-hour telephone session that can get you started right.

Many of todays' real estate investors started their careers by renting to own their own home. They discovered that it was a quick way to own a home even if they had bad credit

so they began offering their service to friends and relatives and another career was born.

If you are still renting your home or apartment, now is the ideal time for you to get become an owner and enjoy the advantages. Check out the Rent To Own eBook and I think you'll agree.

Originally posted 2007-09-03 09:55:56. Republished by Blog Post Promoter

Technorati Tags: mortgage

It's been awhile since I posted anything here. Not from a lack of desire to keep up to date but more from a lack of a clear vision of where I wanted this to go. The press of other commitments just kept pushing this project onto a back burner.

But that's changed.

Over the past several weeks, I stripped a lot of the insides out of my blog and moved it to www.NoQualifyingNoCredit.com from www.NoQualBlog.com. You will note that this took out most of the posts from the past year. The old NoQualBlog will cease to exist.

A major reason behind my decision to do this was the fact that I realized it was getting more and more like so much "junk food" you find on the web when you are in search of something a little more meaty. Everyone is telling you the same thing and often actually "lifting" (or is it "stealing") their advice from some other authority just to they can fill the space.

Is this what the web should be? Does this do anything to fulfill the potential of the internet? I didn't think so and I don't think that that is what the average person is looking for.

My original intent for this blog was just what the heading shows. To reveal various ways to buy your home without having to jump through the qualifying hoops like a trained dog. It is tough dealing with lenders if you are credit challenged or short on cash. And "credit challenged" can mean anything from having a current bankruptcy to being newly self-employed.

Sure, there are programs on the market that might cover you. But, at what cost?

The recent increase in foreclosure filings shows that many of these programs really are not as wonderful as the real estate agents and lenders claimed they were just months ago.

The professional investors are still buying and selling and making lots of money. Because they know how to take advantage of the market no matter whether it is going up or down. And very, very few of them use there own money or ever qualify for a home mortgage.

These are the secret insider methods you will discover here. I will reveal how they do it and how you can use the same techniques to buy your own home without qualifying and with absolutely no credit.

That's enough for today. Tomorrow I'll reveal more of my plans for the future of www.NoQualifyingNoCredit.com.

Originally posted 2007-04-03 15:24:56. Republished by Blog Post Promoter

Technorati Tags: money, mortgage

Originally posted 2009-09-05 20:28:27. Republished by Blog Post Promoter

Technorati Tags: mortgage, Payed