Bad Credit Home Loan - Apply Online And Keep Your Credit Score As High As Possible

Written by Carrie Reeder


Continued from page 1

Most lending institutions will not want to pull your credit report initially, until they are sure you are serious about getting approved. It costsrepparttar lender money to pull your credit, so it is in their best interest to wait until they know you are serious before they pull your credit report. So, make sure when you apply for a mortgage loan, that your credit is not being pulled with your initial application. When applying for a mortgage loan online, here are some ways to know that your credit is most likely not being pulled.

1. Did they ask you to describe your credit? If they asked you to describe your credit, that is because they are probably not going to pull your credit initially.

2. Did they ask for your social security number? If they donít have your social security number, they canít pull your credit.

3. Search their website to see if they tell you whether or not they will pull your credit report initially. It may be listed under their frequently asked questions.

To see a list of recommended bad credit mortgage loan companies online, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml. Carrie Reeder is the owner of ABC Loan Guide. It is an informational loan website, with informative articles and the latest finance news.


Bad Credit Home Loans - Pre-approval Is Still Possible With Adverse Credit History

Written by Carrie Reeder


Continued from page 1

In applying for a bad credit mortgage, ask your lender aboutrepparttar costs involved in obtainingrepparttar 147516 loan,repparttar 147517 length and interest rate of your loan, andrepparttar 147518 ability to refinance at a lower rate downrepparttar 147519 road. Mortgages for people with poor credit are available through many lenders and with a variety of terms and conditions. Bad credit home loans can include a 2/28 home loan or a 3/27 home loan. The interest rate for a 2/28 loan is fixed for two years and fixed for three years in a 3/27 loan. This means that there will be a prepayment penalty duringrepparttar 147520 first two or three years ofrepparttar 147521 mortgage and thatrepparttar 147522 home loan cannot be refinanced prior to that time.

Sub prime lenders will work with any credit score and income level to help you financerepparttar 147523 home of your dreams atrepparttar 147524 lowest possible cost. Contact several lenders that specialize in mortgages for those with bad credit. There are numerous variations inrepparttar 147525 interest rates and terms offered by these types of lenders. Shopping around for a mortgage lender can save you thousands overrepparttar 147526 length of your home loan, even if your credit is less than perfect.

To see a list of recommended bad credit mortgage loan companies online, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml. Carrie Reeder is the owner of ABC Loan Guide. It is an informational loan website, with informative articles and the latest finance news.


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