If you think you can't buy a new home or refinance the one you already live in because you have bad credit, think again.
You might not realise how big and varied the mortgage industry is. You no longer have to go to the bank down the street, where they only work with people with good credit, to get a mortgage.
There are thousands of mortgage lenders in the United States. These lenders are called "wholesale lenders," and they have special loan programmes for people with bad credit.
They are called "wholesale lenders" because they work with brokers, who then find customers for the wholesalers.
A broker is not a lender. Instead, they give you advice and teach you about the mortgage process from start to finish. It is also their job to find a lender who can meet your mortgage needs.
Mortgage brokers can get loans from hundreds of different lenders all over the country. So there's a good chance they can find a lender with a programme that fits your needs. Whether you have bad credit or need a programme with no money down, we can help.
Keep in mind that the mortgage business is very competitive, and these brokers and wholesale lenders will compete for your business, so let them.
So, don't ever feel like the mortgage companies or brokers have control over you just because you have bad credit. Have a good time.
