Don’t Be Stopped by Bad Credit

If you are interested in buying a new home or refinancing the
one you are currently living in, but think that you are out of
luck because you have bad credit, think again
The mortgage industry is probably larger and more diverse than
you realize You no longer have to go down the street to your
local bank to get a mortgage where they only work with people
with excellent credit
There are literally thousands of mortgage lenders across the
United States, better known as wholesale lenders with programs
specializing in lending money to people with challenged credit
These lending institutions are called wholesale lenders because
they work with brokers, who in turn, find the wholesalers
customers
A broker is not a lender, they council and educate you during
the mortgage process from beginning to end, they also are
responsible for finding a lender to accommodate your mortgage
needs
Mortgage brokers have access too literally hundreds of lenders
across the country So chances are, they can find you a lender
with a specific program to fit your needs Regardless if you
have poor credit or need a program that offers no money down
Keep in mind, the mortgage industry is a very competitive one,
and these brokers and wholesale lenders will compete for your
business, so let them
So don’t ever feel as though you are at the mercy of the
mortgage companies or the brokers just because you have bad
credit Best of Luck

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