How to Improve Your Chances to Qualify for a Conventional Home Loan
Before you give up on the idea that you will never be able to get a home equity loan because of your bad credit, first be sure you cant get one. It may save you a lot of work, and it opens up more possibilities for home purchases and help from real estate agents.
You might be surprised to find that there are ways you can get conventional financing, even though you never thought you would be able to. More and more lenders are looking at people with less-than-perfect credit. Usually the interest rates are higher than average, but you get into a house. You can refinance later, after showing how you reliable you are making your monthly payments.
Here are a few suggestions to get mortgage companies to look at you. If this method sounds likely for you, try talking to a reputable home loan consultant, and see what your chances are. This would be one of the easiest ways to get into a house.
Can You Fix Your Credit Report?
You might find that your credit is easier to fix than you supposed. Have you seen a copy of your credit report lately? You are entitled to a free copy of your...