Wednesday, November 02, 2005

Home Loans For People With Very Bad Credit - Improve Your Chances of Getting Approved

Home Loans For People With Very Bad Credit - Improve Your Chances of Getting Approved: "If you have bad credit and are looking for a home loan, there are a few things you can do to improve your chances of getting approved and to help you get a reasonable interest rate.
Apply Online - The internet has a few companies that will take your application and submit it to hundreds of different lenders. You will receive up to the 4 best offers that you could qualify for. These offers are pre-approvals. You will still need to work with the broker to lock in an interest rate. Also, the benefit of using these companies is that they will not pull your credit initially. This is good because every time your credit is pulled, your credit score drops just a little. The mortgage company will just ask you to describe your credit, instead of pulling it"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

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