4 Comments

1. enchanted says:
   March 13, 2010 at 8:04 pm

   Do NOT go with mortgage brokers. All they do is rip you off and several are now being sued in the US.

   If you can’t get a loan through your bank, ask them why and what you should do to qualify.
2. Go, I says:
   March 13, 2010 at 8:30 pm

   You probably don’t want to hear this, but the best option is to clean up your credit first and seek a mortgage loan after that.
   Obtaining a mortgage loan with shaky credit is a sure-fire way to find yourself in foreclosure faster than the ink dries on your closing docs.
   Pay off or settle all charge-offs, collections, judgments and liens. If you have declared bankruptcy, make sure you wait two years (after the discharge date) before you start looking for a home loan. If you have a lot of middle debt, pay that down until you are borrowing less than 40% of your total limits.
   After you do all of that, save up as much as you can for a down payment. If your credit is questionable, a nice amount of money down might get you in the ballpark of a better interest rate.
   Good luck to you!
3. Michael T says:
   March 13, 2010 at 9:02 pm

   Your best bet is to repair your credit first. You can do it yourself and it is not hard. Last year I had bad credit and looked into getting it compared. I found out there were a lot of companies out their trying to scam people. During my search I found a website (your-credit-solution dot com) that provided me with a solution to improve my credit score by 200 points in less than 90 days.
4. JoanD says:
   March 13, 2010 at 9:41 pm

   You can try a variable credit lending company. There’s a bunch listed here

   http://badcreditpersonalloans.best-loans.ws/mortgage_refinance.html

   Compare rates and terms carefully.