Find the best mortgage company

Written by Eric Newman

Continued from page 1
Ask each potential lender for a "no/no" which means a "no points and no origination fees" rate quote. Also ask for detailed closing costs and a total cost to close. Closing costs should not vary too much becauserepparttar costs associated with closing have standard fees in many states and county taxes, credit report fees and appraisal fees. Also keep in mind that closing costs on a Good Faith Estimate (GFE) are only estimates and may change at closing. Some lenders or brokers will even guarantee that their closing costs will not exceedrepparttar 151075 total closing costs onrepparttar 151076 GFE. Once you haverepparttar 151077 no discount fee and no origination point rate and closing costs you can better compare your mortgage offers. It is clearly a big mistake to just ask for a mortgage rate or to call about a low rate you may have heard on TV or radio. Rates are determined by risk and each mortgage loan will carry a different level of risk and thus a different rate. Risk factors that determine rates can includerepparttar 151078 borrower's credit history,repparttar 151079 price ofrepparttar 151080 home, loan to value (LTV) which is determined byrepparttar 151081 down payment and many other factors.

Eric Newman is an author for All articles may be used and reprinted as long as they have an active link at the bottom pointing to with the anchored text: Teanobi - Green Tea

Bad Credit Home Loans

Written by Ethan Hunter

Continued from page 1

It seems all too often that people with bad credit feel that they are unable to get beyond their past. Owning a home and showing on-time mortgage payments is a good way to improve your overall credit portfolio. If you are approved for a mortgage and show payments being made on time this will go along way towards improving your credit scores and improving your overall financial picture.

When applying for home loans, do not try to hide your credit history, invariably they will uncover any and all skeletons you hoped were in your credit closet. You are much better off being open and honest with your mortgage lender. A good mortgage lender will know exactly what packages they can look into for you if you give them an honest and realistic picture of your credit history and other financial matters. Tell them what is wrong in your credit report and can be fixed, what is accurate and cannot be fixed and what you are unsure about. Some lenders will allow an explanation, including proof, of incorrect items on your credit report and look beyond them while evaluating your loan. Dishonesty, however, can hurt you inrepparttar long run so be completely honest withrepparttar 150982 lending institution.

You can also consider using a co-signer forrepparttar 150983 loan who has a stronger credit history in some cases. You may be able to have them cosignrepparttar 150984 loan for a period of time and then you can refinancerepparttar 150985 loan in your name only once your credit history has been improved. This has become more common with first time homebuyers. The refinance market is strong and there will always berepparttar 150986 opportunity to do just that.

The simple fact ofrepparttar 150987 matter is that there are countless loan packages available to people with bad credit or no credit history. These loan packages can help you whether you have a large down payment, a small down payment or no down payment at all. Speaking to a mortgage lender or network of lenders that have many packages at their disposal will help you begin to realize your dreams of homeownership and put you on a path towards a much brighter financial picture.

Ethan Hunter is the author of many credit related articles.  If you are looking for help with Home Loans or any type of credit issue please visit us at

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