13 years old saddest dog dumped on the cold shelter filthy floor as his owners walked away and left him to die

Traditionally, home hunters face an uphill task when they want to find finance to buy a new home. But the truth is that getting a home loan with bad credit is easier that many would think. What must be accepted is that compromises need to be accepted, like higher interest rates.

Lenders are usually thought of as conservative in their lending policies. This is certainly true with traditional lenders, like banks, but the rise of alternative lenders has seen the chances of securing mortgage approval increase dramatically. And with terms that are more flexible, and interest rates that are more competitive (though still not very low), these finance packages are more affordable too.

Getting approval is possible, even when an applicant has a very low credit rating. And, for any applicant, the chances of getting that home loan are improved when certain areas of the application are prepared properly.

Key Areas to Consider

There are three areas that every applicant should pay careful attention to before they submit their application for a home loan with bad credit. These relate to calculating an accurate budget (and sticking to it), the down payment, and finding the right lender with the right loan terms.

Calculating the budget is the first step, and involves making a careful assessment of existing debts and outgoings, and comparing them with income. Most lenders will stress the need to have enough excess income to cover mortgage payments for the lifetime of the loan. In fact, when it comes to securing mortgage approval, this is the core issue.

Budgeting means that the limit to what home loan is attainable is recognized so that a strategy can be devising to eventually increase that limit. For example, if the amount of existing debt is high, then lowering it by clearing some individual debts, or using a consolidation loan, then more income can be made available to cover mortgage repayments.

Increase the Down Payment

The down payment is often overlooked as an element in the overall mortgage deal, but increasing the size of the payment can have a positive impact. This is especially true when seeking a home loan with bad credit, where the monthly repayments need to be kept as affordable as possible.

Basically, the size of the required mortgage is lowered if the down payment is bigger. For example, a down payment of 5% on a home worth $200,000, means a mortgage of $190,000 is needed to complete the purchase. But a 10% payment means $180,000 is required, which could translate to a fall of perhaps $100 in repayments each month. Securing mortgage approval, therefore, become much easier.

Of course, another aspect is that providing a larger down payment tells lenders of the commitment an applicant has to getting a home loan. Saving a large sum of money relatively quickly requires real financial discipline, which is a positive attribute.

Find the Right Lender

Your choice of lender is just as important a part of any deal as anything else. They set the policy that affects the interest rate structure, as well as the range of penalties and fees that can be charged. So, getting the right one can make the task of finding an affordable home loan with bad credit easier to accomplish.

Online lenders are generally the best in the market, often charging more competitive rates and offering terms that are more suited to bad credit borrowers. For those with poor credit histories, the chances of securing mortgage approvals are increased, as long as the criteria and conditions are met.

Still, be sure to examine any home loan offer carefully for hidden charges before signing up to anything. Also, check the reputation of the online lender with the Better Business Bureau website.

Mark Venite is the author of this article and a successful financial advisor with 20 years of experience. He helps people to get approved for Bad Credit Personal Loan and Student Loans with Bad Credit.

When a homeowner is having trouble paying their mortgage or they've suffered from a change in income or financial status, the first step they usually take is to request a loan modification from their lender.

This is often a big mistake. What most homeowners don't realize is that most lenders aren't willing to modify their loan. This may come as a surprise to many people but if a lender feels like they can make more money by foreclosing on your home, you run the risk of being denied a loan modification.

Most homeowners aren't aware that there are many reasons why their lender is unwilling to help them. If you make too much money, are current on your payments, or you can't prove a hardship, your lender will likely not assist you with a loan modification. They are in the business to make money. It doesn't improve their bottom line if they reduce your payments or your interest rate.

You may even go through the lengthy loan modification process with your lender only to find out that they won't be able to help you after your loan is reviewed. In that case, you will be stuck with the mortgage you have and you will have to catch up on any payments you are behind on or you will risk foreclosure.

If you aren't able to afford your mortgage or you are concerned that your lender is unwilling to help you, you may want to start by seeking help from a third party to help you with your loan modification. A third party can perform a non-biased forensic mortgage audit on your mortgage loan documents and can provide you will the help you need.

A forensic mortgage audit can detect any errors that were made when your loan documents were processed by your lender. It is estimated that about 90% of adjustable rate mortgages have errors in their documentation. If an error is found in your loan documents, it could provide you with some leverage against your lender.

That leverage could give you the means to win the fight against your lender and prevent them from foreclosing on your house. In most cases, this leverage will also allow the homeowner to reduce the principal of their mortgage note, have more affordable mortgage payments, and forgiveness of any amount they are past due on.

If you're looking to get assistance with your current mortgage, start by seeking help from a company that specializes in forensic mortgage audits. It can be the best solution to saving the home you've worked so hard to have.

**SADDEST DOG EVER** 😞
13 YEARS OLD, LEFT TO DIE
Pepper is 13 years old and today he was brought in by his owners and dumped on the cold shelter filthy floor as his owners walked away and left him to die
He’s been neglected for years and has had no vet care
Right now he’s suffering from a burst tumor on his neck that’s crawling with maggots
He also has huge tumors on his tummy that have been growing for years
He can hardly walk and falls easily as you can see in this video
He’s emaciated and skin and bones 😞

This poor dog has suffered unimaginable pain and abuse
No living being should be treated like this EVER !! So disgusting , our hearts break for Pepper

We saw Pepper at the shelter and we knew he could not die there
We knew we HAD to save him, no matter what

Today he was transported to San Antonio for Emergency Medical Care

Can you Help Pepper
He needs PRAYERS SHARES

FB thread and update here
Securing Mortgage Loans With Bad Credit: It Is No Dream

It might come as a surprise that the chances of securing approval on a mortgage loan with bad credit is not as impossible as many believe.

The reality is that securing approval on applications for any loan, even with a low credit score, is possible as long as the key criteria are met. Once that is done, then there is little reason for lenders to turn the application down.

Of course, low scores do have an influence, with the affordability of mortgage loans affected directly by the interest rates that lenders charge, and the rate affected by the perceived risk associated with the applicant. Understanding the significance of bad credit is important when putting together an application strategy.

The Influence of Bad Credit Scores

The influence that bad credit scores have on the approval process is not actually as great as many people think. So for someone seeking a mortgage loan with bad credit to their name, it is not so impossible to be given the thumbs up.

This is because lenders agree that the reasons for a low credit rating can vary, and do not necessarily mean the applicant cannot be trusted to repay their debt. These scores are calculated by hard evidence, but does not reflect the situations. So, a sudden loss of employment may result in a personal loan being defaulted upon, but a restored employment changes the situation again. When it comes to securing approval on applications for a loan of any kind, lenders are happy to examine other factors.

For mortgage loans, despite the sheer size of the debt being taken on, elements like current income, employment security and the amount of excess income available for monthly repayments are of greater interest than a credit rating.

Credit Scores on Interest Rates

Where credit scores do have an influence is the interest rate that is charged by the lenders. Higher rates are down to the fact that lenders are perceived to be accepting a greater risk, and need to recoup their money. And this is where applicants for mortgage loans with bad credit are affected.

For example, an applicant with a credit score of 600 will pay a higher interest rate that one with a score of 700. So, even with the same mortgage sum borrowed, over the same term and from the same lender, the former will have higher monthly repayments than the latter. When it comes to securing approval on applications for such large sums, this is an important factor to consider.

It is important to realize, however, that lenders will reject an application for mortgage loans on the basis of the affordability of the repayments, rather than the scores themselves.

The Debt-to-Income Ratio

Assessing what is affordable comes down to the something known as the debt-to-income ratio, which is effectively an assessment of the amount of income available to cover new debt. Those seeking mortgage loans with bad credit hanging over their heads can see their application succeed if the ratio is within the 40:60 rate that is deemed acceptable.

This ratio means that no more than 40% of the available income can be dedicated to repaying the new debt. An applicant with excess income of $1,000 per month will not be allowed to take on a debt that requires payments of more than $400. So, securing approval on applications is not simply down to income, but how much 40% of that income is.

The ratio exists because of the need to handle unexpected expenses, like medical costs and other emergencies. Statistically, it is these sudden expenses that cause so much havoc with repaying mortgage loans. So, having 60% in reserve for these unforeseen costs is important.

When it comes to strengthening applications for mortgage loans with bad credit, there are a few areas that should be addressed. From the basic requirements associated with such large loans to the amount of available income there is to take on additional debt, these areas are effectively the key to success.

The basis of this fact is that securing approval from lenders does not depend on the credit rating that an applicant has. Instead, the credit ratio is central to convincing lenders that the required monthly repayments is affordable, while the size of the down payment is equally telling.

So, when seeking approval on an application for a mortgage loan, these are much more significant areas to pay attention to.

Basic Requirements to Meet

Like every other financing deal, there are requirements that must be met before an applicant can qualify for a loan package. When it comes to applicants seeking mortgage loans with bad credit to their names, these requirements are particularly acute.

The key criteria is nothing particularly special. Applicants must prove they have full-time employment, and are earning a sufficient income to make the monthly repayments. Securing approval from lenders also depends basic legal criteria, such as proof of age (over 18), and citizenship.

Further requirements stated, depending on the policies of individual lenders. Some insist employment must have been held for a minimum of 6 months, while others require proof of efforts to improve their financial situation before applying for a mortgage loan.

Ensuring the Right Credit Ratio

A key concern for those applying for mortgage loans with bad credit is the credit ratio that lenders view so highly. Known also as the debt-to-income ratio, it relates to the degree of debt that an applicant already has and, therefore, the ability to take on any further debt.

The ratio is set at 40:60, which means that only 40% of the available income can be dedicated to paying off debts. This means that securing approval from lenders principally depends on meeting the ratio standard. If the available income, after existing debt and expenses is taken into account, extends to more than 40%, then the application will be rejected.

In this respect, the credit history of the applicant is meaningless. All that matters is that the ability to repay the mortgage loan exists in the first place. Once that is confirmed, the likelihood of getting the thumbs up is greatly improved.

Providing A Down Payment

Any applicant that is able to provide a down payment makes a very positive impression with the lender assessing their application. Often, the reason that applicants seeking mortgage loans with bad credit get the green light is that they have as much as 10% of the property value available as a down payment.

The reasons rest in the fact that to gather such a large sum of money requires a considerable amount of effort and discipline, so the applicant obviously is showing a real commitment to the responsibilities involved. This does absolutely no damage when it comes to securing approval from lenders that might otherwise have been unsure about trustworthiness of the applicant.

But, in practical terms, making a down payment means the required mortgage loan is also reduced, thereby lessening the risk and the principal debt. It also reduces the required monthly payments, the interest rates and making everything that little bit more manageable.

Hilary Bowman is a Financial Expert who specializes in Loans for People with No Credit and Bad Credit Loans.

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