asked: Hello. Im curious if anyone knows of lenders that work with people with not so good credit. We are in the situation of needing a place to live, with options of renting or buying. Mathematically speaking, renting a house in this area is ridiculously expensive, totaling near $9600 a year just in rent alone, while buying a home, even with 12% or higher interest, tallies out to be roughly $3600 a year (not counting property tax and insurance). Homes here are so cheap, it seems almost pointless to rent. Many very nice homes are going for $35,000 to $45,000. So my question is this. Who out there helps people in bad credit situations get a home, be it high interest loans or not? Any answers to this would be greatly appreciated. Thank you ~Randy
Jayden