"BAD CREDIT" MORTGAGE

This is a term given to mortgage given to those that have poor credit histories.  These are also known as "sub prime" (non traditional), and are considered a significant risk to a mortgage lender.  As a result, Bad Credit Mortgages often have higher rates and fees associated with them.

While it is possible to get a mortgage with "challenged" credit, you will usually be much happier with your terms if you take some time to do the basics of credit restoration.

There are three resources that we recommend:

1. Use a reputable credit repair firm.  There is only one company that gets our full endorsement, and that is a Law firm that specializes in credit repair, Lexington Law.  You can visit the Lexington Law site here and enter our client credit restoration program.

2. Read The Bankruptcy Mortgage Book  which was written primarily for those who have had a bankruptcy, but the methods are very similar for those that have had poor credit histories.  I strongly recommend buying the book so you know how your situation differs from that of someone with stellar credit, also, these are several things you need to know so that an unscrupulous lender does not take advantage of you.

Lastly, you can visit the After Bankruptcy Mortgage page which offers several tips to assist you in the credit restoration process and helps you prepare to get approved for a home mortgage.

3. If you want the resources to do your credit repair yourself, Tim Irish's Credit Repair Truth is a great program. Tim's Credit Repair Blueprint gets into the nitty gritty details of working with the bureaus, and gives you lots of resources such as spreadsheets set up to track your scores as they improve.  Best of all Tim shows you how to do this through a video series that is included with his program. Visit Credit Repair Truth for more info.

If you would like to apply for a mortgage, visit our online mortgage application .  Make sure you select a sub prime lender from your state.