| Having poor credit alone cannot hold you back | | | | |
| from getting the home loan you want. Buying a | | | | Fill out your application or inquiry as |
| home that is everything you want in a home, | | | | accurately as possible - Inflating your |
| is a very exciting experience. The blemishes | | | | income on your application or inquiry form, |
| on your credit history will not alone keep | | | | to be higher than you know you can verify |
| you from getting the home you want and the | | | | your income to be, will only delay the |
| home you deserve. | | | | process of getting pre-approved. The broker |
| | | | will work the fastest for you if he/she is |
| Here are some things to keep in mind when | | | | working with the exact information he/she |
| moving forward in the application process to | | | | needs to be able to verify. That's the best |
| get your home loan: | | | | way to get approved and through the |
| | | | pre-approval process smoothly. |
| Contact or apply to many different lenders or | | | | |
| brokers - Online you can fill out many | | | | Be persistent - This is the key when seeking |
| mortgage applications where the lender or | | | | a mortgage loan pre-approval with poor |
| mortgage service company does not pull your | | | | credit, be optimistic. Look for creative ways |
| credit history. If they don't ask for your | | | | to get financing and contact as many brokers |
| social security number, they usually cannot | | | | as possible. There is one or more out there |
| pull your credit. Brokers usually use the | | | | that can help you. The key is to find them. |
| initial application or inquiry form and what | | | | |
| you tell them about your credit to make a | | | | Start house hunting - Sometimes the key to |
| decision about whether they should pursue the | | | | getting into a house is finding the right one |
| application and pull your credit or not. Many | | | | and a seller that is flexible enough to help |
| lenders will tell you that you are not going | | | | you do some creative financing work. For |
| to get approved anywhere and that if they | | | | example: the seller carrying back a small |
| can't help you, no one can. That is not true. | | | | percentage of the loan, the seller paying |
| All mortgage brokers have access to very | | | | your closing costs or you being able to |
| different mortgage programs and some brokers | | | | purchase the house for significantly lower |
| are more creative in their financing | | | | than market value. |
| techniques than others. | | | | |