| If you want to buy a house and you have bad or | | | | able to get a home loan. You can still find a lender that |
| non-existent credit you might have a tough time finding | | | | will work with you but the more you can clean up your |
| a home loan lender that is willing to give you a fair | | | | credit report before you start talking to home loan |
| home loan. There are lots of lenders that specialize in | | | | lenders the better off you will be. You'll be able to get |
| giving home loans to people with less than great credit | | | | a better interest rate and a better deal and you will |
| but usually you end up paying extra high interest rates | | | | have more lenders that want to work with you if you |
| or sky high fees. If you really want to buy a home but | | | | can clean up your credit before you start looking for a |
| you know your credit score is going to be a problem | | | | home. It's important to get a copy of your credit report |
| there are things that you can do to make yourself | | | | from all three major credit bureaus because each one |
| more attractive to home loan lenders and make home | | | | could be slightly different and could show different |
| loan lenders more likely to give you a home loan or a | | | | items. The three major credit bureaus are Experian, |
| mortgage. | | | | TransUnion and Equifax. |
| The first thing to do is clean up your credit report. | | | | After you have cleaned up your credit you should |
| Order a copy of your credit report from each of the | | | | figure out how much you can afford to pay for a |
| three major credit bureaus and go through each item. | | | | down payment. If you can't put down anything for a |
| Chances are good that your credit report will have a | | | | down payment you can still get a mortgage but you |
| lot of old or outdated information on it. You need to | | | | may have to get an additional loan for a down |
| make sure that all the information on your credit report | | | | payment. Then you should figure out what your |
| is current and that any old debts that you have paid | | | | monthly earnings are and your monthly expenses so |
| off are not showing as delinquent. It can be a pain and | | | | that you can get an accurate idea of how much you |
| it can be very time consuming to fix your credit report | | | | can afford to pay on your mortgage each month. |
| if there are a lot of old items or incorrect items on your | | | | Armed with all of that information and a corrected |
| credit report but it's definitely worth taking the time and | | | | copy of your credit report you can start to collect |
| effort to fix up your credit report before you start | | | | offers from home loan lenders. The best thing to do is |
| thinking about buying a home. | | | | to go online to a home loan lending website and enter |
| This will really help your chances of getting a better | | | | your information. That way you will only get offers |
| mortgage offer. There are lenders that specialize in | | | | from home loan lenders that are willing to offer you a |
| helping people with bad credit get home loans so if | | | | mortgage. |
| your credit isn't perfect don't think that won't you be | | | | |