Bad Credit?

Let's face it, we are all human. We have made mistakes in the past the we are not proud of, or because of unforeseen circumstances, things get out of hand. Be it divorce, death, unemployment, or a harsh economy, sometimes things get tough.

For those who own a home, you have the option of using your equity to get yourself out of debt, or to improve your credit through debt consolidation. But what about those who do not have a home to use as equity? Well, you still have options!

Because each person's financial situation is unique to them, having a scarred credit history makes you harder to fit into a "conforming loan," but today's mortgage market has investors who actually prefer dealing with "non-conforming" clients. However, unlike conforming loans, a non-conforming loan involves borrowers that are harder to fit into a program. This means that different documents are required for different borrowers.

The recommended way to apply for a loan if you feel you have not-so-perfect credit, or even bad credit, is to speak with a professional before going for a loan. A broker (like us) is the best way to go, since we deal with different banks. If one bank does not accept your application, chances are another one will. But with a broker, you won't have to go from bank to bank yourself, re-applying, and so on. Since your situation is special, you'll need special attention to get yourself a loan.

If you have any questions, feel free to contact us or at the very least, fill out a pre-qualification application to see what we can do for you.