NewBuyer Blog » bad credit mortgage

Learn the Best Way to Get a Mortgage with Bad Credit

Elizabeth Dennis — Sat, 19 Dec 2009 11:00:58 +0000

A valuable look at what to consider if you are thinking of taking out a mortgage with a bad credit history. Consider if now is the right time, learn the pitfalls of a bad credit mortgage and consider your options such as Fannie Mae or the National Foundation for Consumer Credit.

From the resource: “Before you get a mortgage, consider whether now is the best time. You may want to give yourself another year or two to repair your credit.”

Source: LendingTree

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Finding Mortgages with Bad Credit

NewBuyer — Sun, 13 Dec 2009 15:30:59 +0000

A useful guide to getting a bad credit mortgage that says “bad credit does not necessarily mean you can’t get a mortgage, it will just come at a higher cost.” The resource explains how to get your loan: ask your lender exactly why you are having trouble getting a loan, turn your credit report around, and fix mistakes on your credit report.

Source: Zillow

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Annual Free Credit Report Program – The First and Easy Step to Getting a Mortgage

Elizabeth Dennis — Fri, 11 Dec 2009 18:32:38 +0000

Your Credit Report and Rating – Just Get It
Your credit history is one of the biggest factors to securing a home mortgage at the lowest interest rate and with best terms available. Why is it that we all know this fact but are hesitant to open that door and come face-to-face with our credit information?

Perhaps our biggest hurdle is the impression that getting our credit rating will be a difficult and time consuming process. You may be surprised to know just how easy and quick it is to get a free credit report. That may have just sounded like a sales pitch – I assure you – it is not. It truly is fast and easy.

You’ve seen the television commercials and online advertisements for numerous credit report online sites. Yes, these sites will help you get your free credit report but they will also try to sell you a credit monitoring service and other products. No doubt these sites are valuable tools for protecting your credit, but you can choose these services later. Let’s keep it simple for now.

Annual Free Credit Report Program
Here’s all you need to do. Go to AnnualCreditReport.com. This site was created and authorized by the three major consumer reporting agencies, Equifax, Experian and TransUnion. It is THE official government-authorized website supporting the Fair and Accurate Credit Transactions Act (a federal law passed in 2003) which allows you to obtain a free credit report every 12 months from each of the three reporting companies.

How Easy it Really Is

The only information you will need to provide to AnnualCreditReport is:

Full Name
Date of Birth
SSN
Current Address
Prior Address (if at current address less than two years)

After entering the above information, you’ll choose TransUnion, Experian, Equifax or all three. You’ll be directed to each agency website separately. As you conclude each visit, you’ll be conveniently brought back to AnnualCreditReport where you can move on to another agency site or finish up.
Additional information required by the agencies is minimal. Experian only asks four easy multiple choice security questions.
With regards to which agencies to choose at this point, you may request all three right now or space them out over the year (perhaps you’ll want to get one every 4 months or so).
The detailed credit report will be absolutely free. You can obtain your credit score for an additional (optional) charge of $7.95.

It couldn’t get much easier. If you have ten minutes, head on over to AnnualCreditReport right now. Won’t it be a great feeling when you can check that off your to-do list?

Bad Credit? Mortgage Loans are in Reach

NewBuyer — Tue, 01 Dec 2009 19:32:02 +0000

A positive look at bad credit mortgage loans. Topics include: accepting what is offered in terms of interest rate, working to improve your credit score and credit rating, exploring options with regards to short term loans and considering a secured loan. From the resource: “Bad credit mortgage loans are appealing for people who do not meet the standards set forth by banks or other lending companies that are necessary to qualify for prime rate mortgages. Bad credit mortgages allow a larger amount of people to purchase properties, consolidate debts, and erase poor credit history.”

Source: Loan.com

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How to Secure a Mortgage with Bad Credit

NewBuyer — Tue, 24 Nov 2009 14:18:23 +0000

A valuable look at how to secure a home mortgage with bad credit. Some steps to follow include: obtaining your credit report and credit score, improving your credit, shopping for a mortgage lender, finding a co-signer for your mortgage loan and asking someone else to apply for you.

From the resource: “If you apply now with not-so-perfect credit scores, you may find financing, just at a higher rate than you would like to pay. There are some things you can do now to help you get a mortgage and get a bargain home price in the process.”

Source: Fine-Tuned Finances

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