Do you feel owning a home is impossible due to a bad credit score? You may be kicking yourself at the choices you made in the past, since you now want to buy a house and build your credit. You may be nervous to even look at your credit report, because it’s so terrible.
You are not alone. Millions of Americans feel the life achievement of owning a home is simply never going to happen due to the damage they have done to their credit.
Some consequences include not qualifying at all, huge interest rates, working with poor lenders, or receiving terrible loan conditions.
Stop these feelings, and know that purchasing your dream home is possible. We have tips and tricks to help improve your rating and options.
It’s Only A Little Number
Actually, it’s a lot of little numbers. You will walk into the bank, talk with a lender the first time, and walk out with your head spinning.
These officers will throw all kinds of numbers at you, including your credit score, projected interest rate, and the expected monthly mortgage. Don’t let it confuse you – there is much more to your credit than numbers.
Step Up
You admit to acting carelessly in the past, so it is time to take charge of your credit. There are parts of your loan a lender will not want to talk about. They may be quick to say there are few options for you due to poor credit, but this is not the truth.
The U.S. government wants people like you to own a home. It’s a boost for the economy, and that is something everyone benefits from. They will offer low or no interest for those that qualify, and they also provide options requiring no down payment.
However, you must ask the right questions to receive the right answers!
If you are still overwhelmed by the process, hire a credit repair specialist to guide you. We will walk you through the process, and explain it in a way that you can comprehend.
You Can Do It!
If you have been turned down for a credit card or car loan, there is still hope for a home loan. The low number on your credit report is discouraging, but many people started with even worse scores and are now sitting comfortable in their own dream homes!
The proper tools are all you need to improve your credit and achieve homeownership. In many instances, you can do both of these at the same time, and start living without bad credit decisions looming over you.
Our experts are standing by, eager to help with clearing up credit. If you have other ways to erase unwanted blemishes on your report, please post your strategies below in the comments.