What if your bad credit muddles your future refinance prospects? What to do? Although bad credit is not for keeps, it could take a while to get rid of a negative information off your credit report and when you’re taking advantage of lower rates, waiting is clearly not an option. Against this Read more
What Usually Causes Your Mortgage to Get Denied?
When you’ve already set your mind to finally owning a home soon, it can be devastating to find out that your financing application has been denied.The path to successful financing is not a paved road. There are certain realistic conditions that you need to meet and establish first before your Read more
Tips for First-Time Homebuyers with Bad Credit
In the mortgage industry, there used to be the ability to look for work around for bad credit history. Most potential borrowers were able to purchase a home with some type of financing. Granted, it typically meant a higher interest rate and more fees, but there was always a mortgage product Read more
What is Worse – No Credit or Bad Credit?
Your credit determines your ability to get a mortgage more than any other qualifying factors. If you have bad credit, many lenders will turn you down. If you have no credit, you could also get turned down. So which is worse – no credit or bad credit?The truth of the matter is that they are both Read more
How to Prepare for an FHA Loan with a Bad Credit History
If you have finally straightened your credit history out and are ready to apply for an FHA loan, your hard work is not over yet. Any lender, whether it is for FHA financing or another type of financing, will not just look at your credit score; they will look at your credit history as well.In Read more
