Bad Credit Mortgages- 3 Reasons to Consider a Bad Credit Mortgage

Even though your credit may be far from perfect, you may still qualify for a Bad Credit mortgage. You may not think you make enough money, or your credit is too bad, but how do you know you won’t qualify until you communicate with a qualified mortgage professional? Not learning more about the options you have to obtain a Bad Credit mortgage can cost you a great deal of money now and in the future. Discover 3 Reason why you may want to consider a Bad Credit Mortgage today.


1) I’m renting a house because my credit is bad. I can’t qualify for a mortgage, why should I spend time trying to qualify for a mortgage?


Regardless of whether the Real Estate Market is up or down, Real Estate has proven to be a very solid long term investment. Your money may be best spent investing in a house, building your assets, and equity.

Although many of us may wish we could purchase a home outright, the reality is many people need to obtain a mortgage to purchase a home. You may believe you can’t afford a mortgage, and could be throwing your money away each and every month on rent if you think your credit is too low to qualify for a mortgage.

It’s one thing to rent a property with option to buy. As long as you meet all the terms of your option to buy agreement, that could be a great solution for you. But... if you are just renting because you think your credit is too bad to qualify for a mortgage…you should think again. The amount of money you may be able to save, and the equity you can acquire by owning a house can be very beneficial to you in the long run. It is worth it to spend some time evaluating mortgage solutions to purchase a property, even if your credit is bad.


2) How Do I Qualify for a Bad Credit Mortgage?


You may have more options than you think. Right now, you may qualify for many different bad credit mortgage programs. There are professionals that specialize in helping people obtain these types of mortgages. One way to pre-qualify for a bad credit mortgage is to complete a mortgage information request form online with a trusted advisor, like you will find at the following page:

http://www.i-mortgagenetwork.com/Contact_an_Advisor.htm


3) What do you say when you communicate with a mortgage Advisor?


When you communicate with your mortgage advisor, come prepared to your discussion with an idea of what you’re looking for, and some questions that you have. For example, you may have a certain amount of money you can afford to pay on a mortgage each month. You can set that expectation up front, and tell your advisor the maximum mortgage amount you can pay each month (including fees) on a bad credit mortgage.

Your initial communications can be particularly helpful as you can often times get some very valuable free tips on how to obtain a Bad Credit Mortgage, and receive specific advice customized to meet your unique situation. Do some research, and talk to a few qualified mortgage specialist who provide Bad Credit Mortgages solutions. Don’t hesitate to ask questions because you need to make an informed decision and insure that you can find a solution that best fits your needs.

How do you know you won’t qualify for a Bad Credit Mortgage if you don’t even try to obtain one? Never assume that you don’t make enough money, or your credit is too bad to obtain a mortgage. You won’t know the facts until you work with a qualified mortgage professional that can help explain your options. To find a great mortgage professional, complete a mortgage information request at the following page:

http://www.i-mortgagenetwork.com/Contact_an_Advisor.htm

Remember, you’ll never know if you could qualify for a Bad Credit Mortgage if you don’t try. Talk to a qualified mortgage professional for guidance, and stop throwing your money away on property you don’t own. Put your money into something productive…your future

All the best,
Traci
I-Mortgage Network team

P.S. Please also visit our site: http://www.i-mortgagenetwork.com/
Your resource for bad credit mortgages, first mortgages, second mortgages and more!