How To Get A Home Loan With Bad Credit


How to get a home loan when you have bad credit? This is a fantastic question. And today on Limitless TV, I’m gonna be sharing with you the answer. If you want to get a home loan but you don’t have a good credit, you’re wondering and probably watching this video cause you want to know exactly how to do that. And today, I’m gonna share with you three
different ways. The first way that I want to share with you,
it’s not very exciting. It’s called credit repair. There are reputable companies out there that
the good ones will charge $1,000 and $2,000 and in a matter of months, usually 2 – 3 or
6 months, They are able to go on to the credit bureau and refute some of the things that
have created the bad credit. And what they’ll do is they’ll bring a legal
team to the table and lawyers. And these lawyers know how to write letters
that these credit bureaus and companies are not prepared to respond to so they have to
drop it. Whether it was legitimate or illegitimate
why their credit isn’t good, frankly credit repair is something with a reputable company
that can take care of that for you. But today you might be sitting here thinking,
but Kris I don’t want to write a $1000 or $2000 check and I want something even faster. Ok I get it. So here’s option number 2. Have someone else secure the loan for the
property that you want to get. Now this is different than cosigning. I’m not suggesting that you take bad credit
plus good credit equals good loan. No, bad credit plus good credit mixes and
creates not so good credit. So instead, you need time to work on your
credit and make sure you got a plan for that. Eventually, do that credit repair thing, keep
your nose clean Watch some of my other videos on how to manage your credit. But what I want you to do is, think, who do
you know in your life that loves you? that cares about you? that trust you? that would basically get the loan and then
let you use the house. That’s a very fast option. But again, you might be sitting here thinking,
but Kris I don’t know anyone that would take on that amount of debt or I don’t know if
I have anyone that is in my world that would trust me that way. Ok I got it. So we don’t have the $1,000 or $2,000 for
credit repair maybe. We might have the person that would go ahead
and get the loan, so I’m gonna share with you something really cool. This is my favorite. This is the one that I would use. If I lost everything, if I had bad credit,
if I had no money but I wanted to get right back into a home, then I would do it thru
a lease option. Ok so here’s the deal on a lease option. There are home owners out there, and there
are investors out there. And what they want to do… is they are looking
at putting you in the home, not just as a renter, but doing like a rent to own. Or what’s called a lease option. Or what’s also called seller financing. And basically this is an unconventional way
of getting into a house. So for example, there’s a house out there,
and, you gotta be flexible, because it’s not like you get to be picky and choosy, with
the exact house that you want. But you can find a house with equity in it,
when you make your monthly payments, just like if it were to a bank, you could say “hey,
every time I make a payment on time, I want some of the money to credit towards the purchase
price of the house. And then #2. When you are doing that, what you are really
doing is buying time. Because you are getting a house now, but what
you are saying is, I’m buying time to be able to repair my credit, or let something drop
off my credit, and ultimately allow myself to get into a house. And have all the full rights of ownership
today. I’m a huge fan of seller financing and lease
options. And you’ve got a link to my book below, and
I want you to read it because it’s all about the least option system, and it’s all about
exactly how it works. And I’ve got all sorts of tools in there that
will help you. But if I had to start all over guess what? If I had bad credit, that is exactly how I
would get into a house, is I would negotiate that. I would make sure that I set the price up
front. And I would make sure that when I’m being
a good steward of the home, and taking care of the home, or fixing it up, that all of
that becomes credits that apply towards the time when I eventually buy it. The last piece of advice I’d give you on that
is, you can do a 5 year contract or a 1 year contract. Give yourself time. Number 1 problem with this strategy, is you
get immediately gratified by being in the house, but you don’t take the steps that you
need to eventually buy it. So if you put yourself on title. This is the strongest position, that some
people will let you do, and some won’t. If you get added to title, what it means,
is that you can refinance the home instead of purchasing the loan. And a refinance loan is always way easier
to get, than a purchase price loan. So that would be the cake topper, of, get
me on there so that within 2 years, I can refinance it. If you’ve got bad credit do yourself a favor. Make sure you’re going through the process,
and keep your eye on the ball, of getting your credit repaired. Because once you buy it from them, you advanced
yourself all the benefit of having the house today, and when you bought it, then 2 or 3
years later when you refinance it, or are able to qualify to purchase it, it’s now yours. And you didn’t have to wait for your credit
to get good. Okay, to make this lease option thing work,
you need some contract training. Come out to my Limitless Wealth Intensive. Get the contracts, get everything you need,
and get the training, so that you can get yourself right into a home, whether you got
good credit, or bad credit, right now. Click the link below, and go ahead and put
the request in. My team will reach out and get you the dates
of our next event.

60 thoughts on “How To Get A Home Loan With Bad Credit

  1. Is Texas or Oklahoma a good market to invest in ? This question has nothing to do with this video (haven't watched it yet) I was just watching some other videos of yours and I'm interested in seeing how this all works. And of course I'm from Texas so I was wondering if it's a good idea to invest here

  2. With all the bs I watch on YouTube this is some very valuable knowledge thank you for your teaching.

  3. I'm in the process of options 3 but they are requiring xx amount of dollars to complete lease to buy…I'm new to this I could really use ur guidance

  4. I’m young and don’t have a “history” of credit. If we r wanting to get a house/mobile home in the next 6-8 months would buying a used vehicle help me build my credit but 6 months be enough time for it not to hurt me when I buy a place?

  5. Could you put a tenant in a lease option for you like u don't live in there you rent it but u pay the lease option debt

  6. I think this is terrible advice. It’s dependent on other people, ponying up money and having 6 months. Waste of time for me

  7. I was wandering whats the best credit repair agency to use because Im looking to buy my first house, cause Im currently renting a house. Im 29 yrs old I have the credit karma app and it shows only about $1600 of dept on my credit report whats the best route to get a bank to finance my first house?

  8. This is HORRIBLE ADVICE. lol WOW. This is NOT the answer to getting a loan with no credit. People need to fix their credit point blank, NO way around it. Funny video tho lol.

  9. I owned a home for 18 years, never once late on the mortgage payments. Sold in 2006 and all 3 credit bureaus recently removed this and say I have no recent credit? Then dropped my scores nearly 200 points, I'm retired, haven't borrowed. I knew i had to do something to get back on track and I read about [email protected] on many credit score blog who had helped so many people, I finally give him a try. I wrote a letter for each thing on my credit report basically, and he gave me the assurance that he will fix these It look weird to me at first but a month later my credit which was 375 increased to 825 which I also confirm on all three credit bureau. Thanks cyberhack005 AT gmail DOT com

  10. how about fixing your credit . these days that can be done really fast in just days. problem solved. reach out to totalspyhacks at gmail. com

  11. one advice reach out to totalspyhacks at gmail com to fix credit scores in just a few days and get rid of negative reports. its that easy. thank me soon.

  12. I believe most viewers would like your videos better if the camera was at eye level instead of lower angles, it feels like you're talking down to us as viewers. We are equal to you, not less than.

  13. talk to NATIONSHACKERZ at gmail com about all problems concerning bad credit scores they will help fix it in few days

  14. Having issues with your credit score .. just contact (crystal_hacker) on IG … He will help you out at an affordable rate

  15. I was told to meet up with this guy whom helped me with my mortgage loan settlement, I trust him via HACKMAX001ATYAHOODOTCOM

  16. i and my family finally moved to our Mansion in San Diego all gratitude to 4Ficorepair at gmail dot com(Mr George Gibbs) fixed all negative report and increased my score to 780

  17. Why is there so many scammers in the comments with there burner gmail accounts geez

  18. I have no credit and I’m already thinking about rent to own because I’m working on credit right now and I have to say it is going to be hard

  19. This could work if you have reliable families member. How come this YouTube video attracting so many scammers – spreading there emails on this comment sections🤔😂

  20. I'm happy No more debt on my Credit Card.

    George Gibbs Helped me in paying off all my debts. Mr George is an expert and loyal man.
    You can mail him if you need help on your credit card via; [email protected] .com

  21. You need to go to OneLendOpp. com (remove gaps), and check it out,

    it actually gives you the loan in a few hours, and the APR is much lower then what I've seen elsewhere.

    give it a try if you're in need of a loan.

  22. I went to a credit repair and everything they removed went back onto my credit a few months later. They are a major rip off!

  23. Credit Karma wasn't such a big help. He is legitimate, and assisted me with my credit repair, he also funded my Chase account with $15,000😃. Contact trusted bank expert on Whatsapp +1(201)201-1042 or [email protected] It was worth it.

  24. I had issues getting a loan with my bad credit score I was so frustrated I starting losing hope on things fortunately I met this guy in Instagram scotthack95 he helped me secure a loan of $19500 his handle

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