Many people feel that financial problems they've experience in the past will prevent them from obtaining a mortgage today. In today's world that is just not true. Bad credit lending otherwise known as sub-prime lending is bigger and more readily available than ever before. Mortgage programs that ignore collections, judgements, medical bills, basically any trade line that doesn't affect title can be ignored by many of today's lenders. Mortgage brokers make these programs available to people who are consistantly turned down by their local bank. A mortgage broker can turn a decline into an approval more often than not.

There are actually programs now that are not FICO score driven and allow you to get 100% financing. In addition you may have a high DTI or debt-to-income ratio around 50 - 60% but the programs we have available to us which are not credit score driven will allow you to get 100% financing or a zero down mortgage. Mortgage bankers/brokers, unlike typical banks, have the ability to source out these specialty programs and make them available to you.

With the the resources mortgage brokers have for finding the right loan for your home purchase or refinance, credit issues should not stop you from speaking with a broker. Brokers work directly with you and the lender in order to overcome all sorts of credit issues that have been keeping you from the financing you want. Do not let a No from a bank stop you from achieving your goal of home ownership.

Bad credit home loans may offer those with poor credit history the chance to own their dream home. In the past, only those with stellar credit ratings were able to apply for quality home loans, but this is no longer true. Bad credit home loans are offered to those who have earned a poor credit rating but are still considered responsible enough to undertake a mortgage. If your credit score has suffered from some temporary setbacks, and you are trying to establish a responsible credit history from this point forward, then a bad credit home loan may be your prime opportunity.

This is a great way to get financing until you can work on your credit, bring up your score and get more traditional financing with even better rates.

Credit Repair Companies - There are numerous companies and attorney services that offer to repair or "clean-up" a consumers credit report. The credit repair industry in general has a very poor reputation because the smaller operations do not know the credit laws inside and out and therefore do not know how to execute the safe and permanent removal of negative items. There are, however, a few companies that provide a ligitimate service. We have a "Get Mortgage Ready Now " program for our clients. Fill out the from by clicking the link below to find out more information on this program.

Mortgage brokers and mortgage bankers, unlike typical banks have a greater ability to assist clients with poor credit to obtain higher LTV loans.