If you have bad credit and have been thinking of buying a house or refinancing your current mortgage you have probably run into a few problems. With the economy in it’s current recession, lenders have tightened down even more on lending requirements and have raised the credit score requirements to qualify for mortgage loans. Are [...]
The first step in preparing to purchase home or to refinance your current mortgage is to understand what a mortgage lender expects from you the borrower. Too often people just call a bank to see if they qualify for a bad credit mortgage without doing any research on their own about their own credit situation. [...]
For those of you who are searching out bad credit mortgages we would enthusiastically point you to aa FHA or VA mortgage product. The reason for this is because the guidelines allow borrowers with less than perfect credit some leeway with the stringent approval process. When trying to qualify for a FHA or VA loan [...]