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I would find out all the bad stuff on your credit report and find out your credit score and then call a few lending companies and tell them your info. and details, but not your SSN. and see what kind of interest rates they say they can give you. Tell them up front you are shopping around for the best rate you can get. They'll understand you are being a smart shopper and tell you the best they can do for you. After comparing then you'll have an idea on what you should be getting. The reason I say to just tell them your information and not your SSN is because if you have too many people pulll your credit report or score, it will make your score go down. So just make sure you know your report and score and they will be able to give you a very close answer. Then when you know for sure who you want to go through, then you can give them your SSN. You are entitled to a free credit report every year, there is a website, it really is free and it isn't a free trial. It's the one your really entitiled to, the website address is: www.annualcreditreport.com they wil give you your report from all three reporting agencies.

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Q: How do you know if you get a good interest rate on a mortgage loan with bad credit and a good cosigner?
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Related questions

What is considered a good interest rate on a mortgage?

A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.


If you have bad credit does having a cosigner with good credit on the loan lower your interest rate?

No. You are considered the primary debtor and therefore the interest rate would depend on your credit history.


Why are there two mortgage rates?

Often, a mortgage rate depends on the person's credit. If the credit rating is good, then they usually get a lower interest rate. But if their credit is not good or if they have not yet established a credit history, then they often pay a higher rate.


Can I apply for a car loan with a credit score of 593?

This is a very poor credit score. You can apply but it is unlikely you will get a loan without a cosigner. If you are able to get a loan without a cosigner your interest rate will be very high as compare to someone with a good credit score of over 700.


Can you get a 58000 mortgage with a credit score of 667?

Sure, it just won't be at a very good interest rate.


Where can one get good mortgage interest rates?

For a good mortgage interest rate, one needs to be aware of their credit score and their own financial situation. Asking one's lender for the total cost can help a lot too.


What is the average interest rate for VA Loans ?

If you have good credit, there's not going to be much difference between a typical mortgage interest rate. If you have bad credit, you can still get rates comparable to what a non-VA good credit borrower would get.


How can one get a mortgage with bad credit history?

Although having a good credit history is better when applying for a mortgage it is possible to still get a mortgage with a bad credit history. When getting a mortgage with a bad credit history, one will have to pay a higher interest rate. Show the mortgage lender that you have a good job that will cover your mortgage. If you eliminate all other debt it looks better to the lender and gives one a better chance at getting approved.


Where can one find information about mortgage loan interest rates?

If you are looking to get a mortgage loan with an affordable interest rate, a credit union is a good place to start. Credit unions are member driven and more likely to help you more than a bank will.


Can a cosigner help your credit?

from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.


Can a civilian assume a mortgage of a VA property?

Yes, a civilian can assume a mortgage of a Virginia property. In order to get a loan for a property in Virginia, the person must have a credit check completed. If they have good credit, their chances of being approved for the loan are higher. If they have bad credit, the bank or loan officer may ask for the person to have a cosigner.


What is a good interest rate for 15 year mortgage rates?

A good interest rate for 15 years mortgages is between 2.0 and 3.0 percent. Getting the lowest interest rate depends on your credit history.