Mortgage Broker Company - Bad Credit - Need A Mortgage

So you want to buy a home, you have your offer accepted by the seller, the boom the lender says “no way” Now you are very upset. The seller is upset. You don’t get to purchase your home all because of your credit.

To avoid this you should get pre-qualified for a bad credit loan. To do so you need to get your income, total debt and your assest info to the lender. Then the lender will let you know the amount they wish to lend you. In other words the amount of the loan for which you qualify.

Pre-qualification is free. What about pre-approval? Well now everything all of your info must be verified. So now you pay a small fee for the lender to verify your info then they will provide your with a letter that states the loan amount and the length of the time this remains in effect.

This is great when you are dealing with the seller. They know you are good for the money.

So take the time to do this if your credit isn’t what is should be.