mortgage Directory

mortgage Articles

WRITERS WANTED! (click-me)

Feature Article:

Bank Mortgage Or California Mortgage Loan Broker, Who Is Best For You?
Although banks lend money they can only offer the limited amount of loan products available to them. Therefore the bank loan officer’s knowledge is limited to those products available. These products may not be the best one for your specific...
...Read More



Bad Credit Home Financing - Get The Mortgage Loan You Want Even With Poor Credit

www.bigmailnow.com       Navigation

Having poor credit alone cannot hold you back from getting the home loan you want. Buying a home that is everything you want in a home, is a very exciting experience. The blemishes on your credit history will not alone keep you from getting the home you want and the home you deserve.

Here are some things to keep in mind when moving forward in the application process to get your home loan:

Contact or apply to many different lenders or brokers – Online you can fill out many mortgage applications where the lender or mortgage service company does not pull your credit history. If they don't ask for your social security number, they usually cannot pull your credit. Brokers usually use the initial application or inquiry form and what you tell them about your credit to make a decision about whether they should pursue the application and pull your credit or not. Many lenders will tell you that you are not going to get approved anywhere and that if they can’t help you, no one can. That is not true. All mortgage brokers have access to very different mortgage programs and some brokers are more creative in their financing techniques than others.

Fill out your application or inquiry as accurately as possible – Inflating your income on your application or inquiry form, to be higher than you know you can verify your income to be, will only delay the process of getting pre-approved. The broker will work the fastest for you if he/she is working with the exact information he/she needs to be able to verify. That’s the best way to get approved and through the pre-approval process smoothly.

Be persistent – This is the key when seeking a mortgage loan pre-approval with poor credit, be optimistic. Look for creative ways to get financing and contact as many brokers as possible. There is one or more out there that can help you. The key is to find them.

Start house hunting - Sometimes the key to getting into a house is finding the right one and a seller that is flexible enough to help you do some creative financing work. For example: the seller carrying back a small percentage of the loan, the seller paying your closing costs or you being able to purchase the house for significantly lower than market value.

About the Author

To see a list of recommended bad credit mortgage loan companies online, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml. Carrie Reeder is the owner of ABC Loan Guide. It is an informational loan website, with informative articles and the latest finance news.


More Reading:

Real Estate Foreclosure and Your Mortgage Financing Options

Mortgage Information

Composite Credit Report Score simplifies Mortgage Issues

Mortgage suiting you best today

What Is The Right Mortgage For Your Needs

How to find a mortgage with bad credit

mortgage Home

mortgage Directory

Additional Reading

It's not to Late To Get a Great Mortgage Rate
Despite recent increases mortgage rates are still very competitive. Weather you’re considering to refinance or to purchase a home it is still possible to get loans still in the upper 5% range. Rates like this are still making it possible for people...
...Read More

Who should you use, Mortgage Broker or Banker?
Many home buyers assume that “mortgage companies” are banks that lend their own money. In fact, that is not always the case; you may find that the company is a mortgage broker, a lending institution or a bank. A banker is a direct lender; it...
...Read More

What Your Mortgage Lender Is Not Telling You About Accelerated Mortgages!
For years, mainstream banks and financial advisors have been recommending that you pay extra cash into your mortgage account in order to cut down the huge interest amount and reduce the period over which you pay back the loan. For example, if you...
...Read More



Internet Search for: mortgage, credit, loan

[an error occurred while processing this directive]



Copyright    www.bigmailnow.com