Sell My House For Cash

The simple answer is yes! We at HBFS are a property buying company with a proven track record and we are well aware that recent changes in interest rates have had the inevitable effect on the housing market. This means that now more than ever there are a growing number of homeowners who need a fast cash sale for their property.



The prospect of a long drawn out sale process combined with rising mortgage payments means that selling via an estate agent is no longer a viable choice for many people.



Many vendors are still having to deal with the frustrations of still trying to sell their property at a over inflated price given to them by an estate agent trying to make the most of a rising property market.



This can lead to a number of problems. Firstly, your home could remain unsold. Because of the increased financial pressures associated with rising interest rates most home buyers are becoming sceptical of inflated sale prices. This means that they may not even consider viewing properties that they feel are over priced, leading to far fewer viewings and no realistic prospect of a sale.



Secondly, inevitably, in order to try and secure a sale, eventually you will need to drop your price. This brings its own problem - how much do you drop? In a slowing housing market it is very important to get this figure correct as too little a drop could lead to you constantly having to reduce your price to keep up with a falling market.



This reduced price is still subject to the array of fees and hidden costs (link to property buying companies v estate agents) associated with selling via an estate agent and could ultimately lead to the final amount you actually receive being significantly less than the figure you were first expecting.



That is why at HBFS we believe that we offer a real alternative to the hassles involved with selling your home via an estate agent. We offer a guaranteed cash sale for your property with flexible timescales to suit your needs. With our sell and rent back scheme we can even buy your house from you and let you stay on as a tenant until you find your next property (therefore taking advantage of any changes in the housing market).



We only use independent surveyors in order to get an accurate market value of your property and you will be contacted by someone local to your area.



The whole process will be explained openly and plainly and is absolutely free (we even cover your solicitors fees associated with the sale).

Bad Credit Mortgage Helps People With Bad Credit to Own a Home

Are you even supposed to think about bad credit mortgages? Of course, say financial consultants who insist that to own a home is better than to rent a one. As soon as you rent a house, you are in effect paying somebody else’s mortgage. Once you purchase a home, you have the advantages of homeownership, the idea that you will eventually repay the mortgage and the home will be yours with no rent or monthly payments to pay, and in addition, you get relief on your income tax.



Owning a home is every individual’s dream however a few consider they cannot buy due to their bad credit, which is wrong.



With so many bad credit mortgage lenders nowadays, getting bad credit mortgages are very easy and you can in fact get them at viable rates. Just that you have bad credit record and score, or maybe even a past bankruptcy, is no cause to prevent yourself from purchasing a home. You are still capable of finding a mortgage in spite of extremely low credit score and a bad credit record.



If you are in search of bad credit mortgages, you need to opt for bad credit lender. A bad credit lender is one that focuses on bad credit mortgages. You can generally locate these lenders by discussing with a mortgage broker. A mortgage broker is familiar with all the various plans from different lenders that are offered to borrowers and can provide you with the precise mortgage that goes well with your credit record.



Would you have to shell out a higher interest rate for bad credit mortgages? Agreed, on the other hand not that much than you would give for any other mortgage. You could still shop around for a viable rate when you are in search of a mortgage once you have below optimum credit. Various fees and charges that are involved with bad credit mortgages are generally those that are forced by the mortgage broker. For the reason that the mortgage rates are low although not the lowest, and people are not purchasing homes like they previously were, a lot of mortgage brokers are anxious to do business and give loans.



This denotes that you can negotiate fees given that there is terrific rivalry between bad credit lenders.



Make an inquiry with a mortgage broker on searching and buying a home that is just right for you. They know how to assess your finances and offer you a mortgage that will help you with your condition. You can subsequently get pre-qualified or even pre-approved for a mortgage; this allows you far more bargaining power as soon as you go out to purchase a home.



The costs of homes are far lower now than they were ever before. At present, it is the best time to buy a home with the property prices plummeting to new lows and you would not like to let your bad credit stand in your way. As a result, you would like to begin watching your finances, taking into consideration how much of a monthly mortgage payment that you can manage to pay for, realize how much you will be required to pay as a down payment for a home and begin looking forward to opt for a bad credit mortgages.



Bad credit mortgages, can be converted into a good credit mortgage should you make your monthly payments on the dot and restore your credit. By continuing to pay your monthly payments, utility and credit card bills on time, you can restore your credit score and record. Once you have improved it a lot, next refinance your bad credit mortgages with regular mortgage at lower rates. This way you can have your own house as well as improve your credit record, it’s like killing two birds with one stone.

Best Mortgage Loan Rates

Buying a home usually means taking a home loan or mortgage. As a person who is in control of their finances you need to compare all the options as well as costs involved in obtaining a mortgage. You could save thousands of dollars just by undertaking intelligent comparison shopping and negotiations.

The first step is to detail all costs. The next is to obtain information from several lenders, thrift institutions, banks, mortgage companies, as well as credit unions.



If need be, hire a mortgage broker who will complete all the details for you. Since they work in the field they have at their finger tips lots of information on loans, terms, as well as rates. It is important for you to have a contractual agreement with the broker.

To find the best rate you must gather a compilation of current mortgage interest rates. Be sure to list the lowest and highest rates. Check on fixed rates and adjustable rates as well as the predicted market trend.



Find out about: annual percentage rate; points, or fees payable to lender or broker being currently applied; loan origination or underwriting fees, broker fees, transaction settlement, as well as closing costs. Once you have the facts and figures, negotiate with the lender for the "best rate."

On any given day, several borrowers with similar profiles will get varying rates from the same loan officer. So, ask the officer to write down all applicable components of your loan. Once this is done request for waivers and reductions.



Be sure to take competitive quotes from more than one institution. Once you reach an agreement ask for a written lock in from the broker. Agree to pay the requisite fee for locking the loan rate.

The golden keys to getting the best rate are shop, compare, and negotiate hard and cleverly.

Mortgage Loan Rate provides detailed information on Mortgage Loan Rates, Adjustable Rate Mortgage Loans, Second Mortgage Loan Rates, Best Mortgage Loan Rates and more.



Mortgage Loan Rate is affiliated with Free Mortgage Loan Loads.

Poor Credit Mortgage - Overcoming Financial Slumber

There is a huge market for homeowners who have credit issues like - poor credit, sub prime loan borrowers. Some years ago what was seen as a sure sign of frustrated mortgage attempt is now opening a new variety of mortgage called poor credit mortgage.



There are loan lenders who specialize in giving poor credit mortgage and helping the larger population who suffers from the drawbacks of poor credit. It doesn't matter what kind of poor credit you have, you can get a mortgage.



A little hard work with poor credit will make it easier to find mortgage with your kind of interest rates. Usually mortgage borrowers are totally clueless about their credit score and suddenly realize that they are labelled as "poor credit". Poor credit rating cannot, in principle, prevent you from having a mortgage. However, it will surely have impact on the mortgage interest rate which is fundamental.



You would be applying for poor credit mortgage if you have any of these things on your credit report.



• Bankruptcy will undoubtedly result in poor credit this is what most people know. But a chapter 7 bankruptcy will have more negative effect on your poor credit mortgage application than chapter 13 bankruptcy. In a chapter 7 bankruptcy all you debts are discharged, while chapter 13 bankruptcy you pay some of your debts before being discharged.



• A foreclosure lawsuit can result in poor credit and can affect harmful consequences on your mortgage application.



Keeping regular on mortgage payment is the best way to avoid a poor credit.



• A debt sent to debt collection agency will result in poor credit and reflect on your mortgage application.



• Any judgment against you will result in poor credit. Any thirty day late payment will mark as poor credit on mortgage application.



• Every time a credit check is done, it reports on your credit report. A few credit checks are fine but many credit checks will result in poor credit.



Whether you have poor credit or not is determined by credit score. While applying for poor credit mortgage you must know beforehand your credit score. Being aware of poor credit score would place you in a strong position when you make a mortgage claim. Lenders and mortgage brokers might take advantage of your ignorance and charge you more for poor credit than applicable.



The ABC of credit extends from A to E. These grades are used by loan lenders to estimate poor credit.



However, some lenders may have some exceptions and can have different course of action accordingly.



Credit grade A+ to A- would mean credit score of 660 to 670 or above. This means excellent credit. No credit problems from 2 to 5 years and no bankruptcy for the last 2-10years.



A credit grade B+ to B- would mean a credit score of 620. This means no sixty day mortgage lates and 24-48 months since bankruptcy discharge.



Credit grade of C+ to C- is credit score of 580. This means late payments, any late payment within 30-90 day range.



This will include 12-24 months since bankruptcy discharge.



Credit grade D+ to D- would imply a credit score of 550. Lots of missed payments. 12 months since bankruptcy discharge.



Credit grade E is a credit score of 520 or lower. This score is for a possible current bankrupt with poor payment record of many 30, 60 or 90 days late.



A loan lender has the right to determine whether he wants to offer you mortgage with poor credit. Loan amount is crucial for poor credit mortgage.



To neutralize poor credit, you need to have stable income which is above the minimum requirement. If you have good capital - that is the money in your bank, stock and house - poor credit mortgage will be easily approved. The down payment for poor credit mortgage can be anywhere between 10%-20% or more.



Poor credit mortgage approval is also dependent on your ability to make timely payments. Since you have poor credit this possibility has already exhausted.



Taking select steps will prove positive for poor credit. Close all the present unused accounts. Reducing credit card balances to 75%. Start making regular payments for any current debt. Also if there is wrong information about your credit in your report, get it corrected.



Poor credit is easy to catch. Sometimes during hard times like job loss, divorce, illness, death you can't keep up with your payments - which leads to poor credit. It is not a bad situation. Mortgage borrowers themselves are not sure if they can get it.



There is a separate space for bad credit mortgage online. In essence poor credit mortgage is not very different from the usual mortgage. Neither is finding it.