Needed guidance in respect of loans

[lisajames]

I’ve got great credit, but every lender I talk to tells me that I don’t have enough income to qualify for a loan. I’ve asked about “stated income” loans, but they tell me investor stated income loans are so expensive it doesn’t make sense to use them. There have always been no money down “gurus” out there that claim they can do no credit, no down deals. Does anyone know if this is really possible and are there any good “free” resources for this information?

[SEO Nick]

Lisa, please pay attention to the sections of the forum in which you post. This section is specifically for the REW Directory. I have moved your thread to a more appropriate location.

[lokey]

Here’s a page that was sent to me that I thought was one of the best breakdowns of no money down structures I’ve ever seen. It’s a long, long article (20 or 30 pages). I bookmarked it and I refer back to it all the time. I’ve also bought some info from this guy and was not disappointed. Here’s the link. http://joecrump.com/secret.html

Thanx to SEO Nick on behalf of lisa

[Nola Realty]

Sounds like the LTV (Loan to Value) is the issue. Be careful and don't force this issue, because you may find yourself not being able to make payments in the future. These lenders know what their saying when they won't qualify you based on LTV. Remember, it is not your credit, but how much you earn to expense ratio. What I would do is lower my house hold expenditure and try for more income. Fortune 500 companies do it all the time, cut expenses....

[BuyHawkeye]

Lisa:

Take a look at an FHA loan. Do a search to find a broker in your area that offers this loan. If you can't qualify for that, then you are looking in too high of a price range or need to earn more income. Best of luck.