If you have bad credit or blemishes on your credit report, your home loan choices may not be as limited as you think. Minor credit problems or credit problems that result from illness or temporary job loss may not cause your costs to go up when applying for a home loan.
* Sit down with your lender or broker and explain your situation.
* Ask how credit history will affect home loan costs and mortgage rates.
* Find out if there is a way to get a better price and terms for your home purchase loan.
* Get a copy of your credit report and review it for accuracy. It's easy to do. Just contact one of the three major credit reporting firms: Equifax, TransUnion, or Experian.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Mortgages Tip Site? Request a Tip Now!

Guru Spotlight

Lynne Christen

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!