5 mistakes to avoid when shopping for bad credit home loans (decs - we kill debt)

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5 mistakes to avoid when shopping for bad credit home loans (decs - we kill debt)

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For those who want to buy a home, but don’t have the best credit, there is still an option. Bad credit home loans are out there and can help a person buy a home. However, there are some mistakes that can and should be avoided at all costs before applying for a loan. Here are five mistakes every person should avoid. Website - – PowerPoint PPT presentation

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Title: 5 mistakes to avoid when shopping for bad credit home loans (decs - we kill debt)


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Decs - We Kill Debt
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5 Mistakes to Avoid When Shopping for Bad Credit
Home Loans
  • For those who want to buy a home, but dont have
    the best credit, there is still an option. Bad
    credit home loans are out there and can help a
    person buy a home. However, there are some
    mistakes that can and should be avoided at all
    costs before applying for a loan. Here are five
    mistakes every person should avoid.

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  • Accepting a loan without checking a credit score.
    Never go shopping for a home loan without
    checking a credit score first. Everybody needs to
    know what kind of interest rates to expect when
    applying for a loan. Rates below 700 will be
    offered subprime rates.
  • Signing documents without understanding every
    line. Never sign loan documents without
    understanding exactly what the monthly mortgage
    payment will be. There are hidden fees that can
    add hundreds of dollars to the monthly payment.
    Carefully read through every document to fully
    understand all the fees that will be tacked on to
    the base payment.

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  • Signing up for a lucrative loan before
    researching the company. Beware of mortgage
    scams. If something sounds too good to be true,
    it is very likely it is. There are several
    companies who offer bad credit home loans that
    look great, until all the fine print is read
    through.
  • Jumping at the first loan offered. Dont take the
    first loan offer without first comparing the
    terms of the loan to loans offered by other
    companies. It is up to every person to be their
    own best advocate. Dont be afraid to ask for
    lower rates.
  • Waiting to lock in an interest rate until
    closing. It is important to lock in an interest
    rate as soon as possible. Quotes fluctuate with
    the evolving mortgage rates. These rates can
    change as often as three times a day. A mortgage
    lender can lock the rate, holding it for a set
    amount of time while the loan goes through the
    underwriting process. Bad credit home loans will
    have higher interest rates. It is important to
    get the lowest possible rate locked in as soon as
    it comes available.

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  • There are plenty of options for those who want to
    own a home, but do not have excellent credit. Bad
    credit home loans make it possible for every
    person to own their own home even if your credit
    is not that good. Avoid doing these five things
    to increase the chances of securing the best loan
    possible, even with poor credit.

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Contact Us
  • Address - 18930 CA-18 101, Apple Valley CA, USA
  • Phone - 1(442) 242-1239
  • Email - info_at_decs-wekilldebt.com
  • Website - http//decs-wekilldebt.com
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