5 easy ways to find home loans for bad credit - PowerPoint PPT Presentation

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5 easy ways to find home loans for bad credit

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For those who dream of owning a home, but have less than perfect credit, there are still options. There are several creditors who offer home loans for bad credit. While these loans do not typically have prime interest rates, the loans make it possible for everybody to fulfill the American dream of owning a home. Once a person’s credit has been built up, refinancing is always an option. Here are Mark’s tips for finding a home loan with a fair to good credit score that doesn’t qualify for prime rates. Website - – PowerPoint PPT presentation

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Title: 5 easy ways to find home loans for bad credit


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D818 Consulting
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5 Easy Ways To Find Home Loans for Bad Credit
  • For those who dream of owning a home, but have
    less than perfect credit, there are still
    options. There are several creditors who offer
    home loans for bad credit. While these loans do
    not typically have prime interest rates, the
    loans make it possible for everybody to fulfill
    the American dream of owning a home. Once a
    persons credit has been built up, refinancing is
    always an option. Here are Marks tips for
    finding a home loan with a fair to good credit
    score that doesnt qualify for prime rates.

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  • It is crucial every person checks their credit
    score before applying for any loan. Taking the
    time to dispute discrepancies on a report is an
    excellent way to add a few points to a credit
    score, which will ultimately increase the chance
    of being approved for a loan.
  • Check around and research any bank or agency that
    offers home loans for bad credit. There are too
    many shady companies willing to charge a small
    fortune in fees to those who feel they cannot get
    a loan any other way. Check with the Better
    Business Bureau, the internet, and friends and
    family members who have dealt with a particular
    bank.

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  • Check with local and state agencies that
    specialize in home loans for those who would not
    otherwise qualify for a standard loan. FHA loans
    are an option as well as loans for homes that are
    in rural areas.
  • Make a concerted effort to come up with a
    substantial down payment. Many lenders will
    underwrite home loans for bad credit with a 20
    percent down payment. Borrowed down payments are
    acceptable. However, the money needs to sit in
    the bank for at least three months.
  • Check with a credit union, Local credit unions
    are more apt to lend to their account holders who
    are looking to buy a home in the area.

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  • While shopping around for a loan, it is
    imperative a person makes a concerted effort to
    increase an existing score. Every point helps.
    Learn more about what needs to be donein order to
    do this. If it is proving difficult to obtain a
    loan in most markets, it wouldnt hurt to ask a
    trusted friend or relative to cosign the loan.
  • Loans for bad credit are out there, and many
    banks provide them. It just takes a little
    dedication and these five tips to find the best
    loan possible.

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Contact us -
  • Address - Wells Fargo Tower 201 Main Street
    Suite 600 Fort Worth, Texas 76102
  • Phone - 888-315-9793 214-919-8773
  • Email - support_at_d818consulting.com
  • Website - https//d818consulting.com
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