Question by Rob I: How to qualify for a bad credit mortgage loan after a bankuptcy?
Could I get a rate like 8% with $ 5000.00 dollars down payment on a 30 year fixed on a $ 100000 dollar mortgage?
Monthly mortgage payment would be around $ 900.00 dollars a month and closing costs would be around 2000 dollars?
Best answer:
Answer by Wayne Z
Doubtful.
If anyone is willing to do the loan, unhealthy diagnosis which is unlikely, the rate would be higher and your required down payment would need to be much higher.
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