Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Bad Credit Mortgages and other Mortgages topics.
Seek the assistance of a mortgage broker. While many do not provide bad-credit financing, many do have an affiliate who will. Ask them for a reference.
Secondly, have a mortgage broker determine if your credit is really too damaged for any of their programs.
Word of Advice: Many will prefer to re-write the entire loan. Second-mortgage lenders have reduced security by nature of being in the second position. A total refinance may be the route you have to take. Considering the cost of a first and second, it may be the better method.
|Sheri Ann Richerson|