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Where can one find a mortgage broker who can help people with bad credit?
Wiki User
∙ 10y ago
You can find mortgage brokers who specialize in helping people with bad credit in several ways:
Online Search: Use search engines and online directories to find mortgage brokers in your area. Look for brokers who explicitly mention assisting clients with bad credit.
Ask for Referrals: Seek recommendations from friends, family, or colleagues who may have had a similar situation or have used a mortgage broker with expertise in bad credit situations.
real estate Agents: Real estate agents often work with mortgage brokers and can refer you to one who can help with bad credit.
Credit Unions and Local Banks: Visit or call local credit unions and community banks; they may have in-house mortgage specialists who can provide guidance on financing options, even for those with poor credit.
Online Mortgage Brokering Platforms: Some online platforms connect borrowers with mortgage brokers who specialize in different credit situations. Be sure to research these platforms for legitimacy.
Check with Non-Profit Housing Agencies: Some nonprofit organizations and housing agencies offer advice and resources for individuals with bad credit who are looking to secure a mortgage.
Online Forums and Communities: Join online forums and communities where people discuss their experiences and share recommendations for mortgage brokers who can assist with bad credit.
Mortgage Broker Associations: Associations like the National Association of Mortgage Brokers (NAMB) can help you find licensed mortgage professionals. Reach out to their local chapters for recommendations.
Mike Brandsma
Wiki User
∙ 10y agoThe best place to find a mortgage broker who can help someone with bad credit is at your local financial institution. The person will known your history and be able to give you advice.
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how do I find my mortgage interest rates ?
If you are unsure of what you are currently paying on your mortgage, you should contact the bank, credit union, or broker who is in charge of your policy.
How can one get a mortgage with adverse credit?
The best method of obtaining a mortgage if you are trying to do so under less than ideal circumstances, is to use a mortgage broker. The broker will work with you, and help you to find the best lender for your circumstance. When your mortgage comes up for renewal, then you can repeat this process until you find a mortgage that you are comfortable with.
Where can one get information about mortgage broker business?
You can do courses to find out more about the mortgage broker business. You can also find out by reading relevant books or by talking to people who work in the industry.
Can someone with a 700 credit score and two people with scores below 505 be approved for a 100 percent mortgage?
You should leave the people with 505 scores off the loan. Find a Mortgage broker and find out if you can do 100% on a stated income loan.
How difficult is it to get a mortgage for people with a 720 credit score but with asylum status?
You should find a good Mortgage Broker, they have access to more mortgage options than a bank does. Check the National Association of Mortgage Brokers for information on you local state chapter. Call around!
how do I find my mortgage interest rates ?
If you are unsure of what you are currently paying on your mortgage, you should contact the bank, credit union, or broker who is in charge of your policy.
How can one get a mortgage with adverse credit?
The best method of obtaining a mortgage if you are trying to do so under less than ideal circumstances, is to use a mortgage broker. The broker will work with you, and help you to find the best lender for your circumstance. When your mortgage comes up for renewal, then you can repeat this process until you find a mortgage that you are comfortable with.
Where can one get information about mortgage broker business?
You can do courses to find out more about the mortgage broker business. You can also find out by reading relevant books or by talking to people who work in the industry.
Can someone with a 700 credit score and two people with scores below 505 be approved for a 100 percent mortgage?
You should leave the people with 505 scores off the loan. Find a Mortgage broker and find out if you can do 100% on a stated income loan.
How difficult is it to get a mortgage for people with a 720 credit score but with asylum status?
You should find a good Mortgage Broker, they have access to more mortgage options than a bank does. Check the National Association of Mortgage Brokers for information on you local state chapter. Call around!
Where can one find a mortgage shop?
There are several places that one can find a mortgage. The three main places include a bank such as Wells Fargo and Bank of America, Credit Union, or Broker.
Where can one find a guide on how to become a mortgage banker?
You can find a guide on how to become a mortgage banker online at the eHow or Mortgage Broker Daily websites. Once on the websites, do a search for Mortgage Broker to find the guide.
What is a mortgage broker Why does a broker assist you with your mortgage?
A mortgage broker is a person or company that helps borrowers find a mortgage loan. They do not borrow their own money but work with a network of lenders to ensure the best lending solution for each borrower's individual needs. For borrowers who are not sure what to do or want to make comparisons between rates of various lenders, mortgage broker may be a useful resource. In addition, they may help to obtain mortgages for a borrower who is in difficulty with his credit or another problem. Here are some of the advantages of working with a mortgage broker: They can help you find the best interest rate and terms for your mortgage. They can work with borrowers with poor credit or other challenges. Here are some of the disadvantages of working with a mortgage broker: They may charge a commission, which can add to the cost of your mortgage. They may not be as familiar with the specific requirements of each lender. They may not be as responsive to your needs as a direct lender. Ultimately, the decision of whether to work with a mortgage broker is a personal one. If you are comfortable doing your own research and comparing rates, you may not need a broker. However, if you want the help of a professional who can guide you through the process, a mortgage broker can be a valuable resource.
Where can one find an affordable mortgage broker?
You can contact boards of Realtors in your area for a current list of mortgage brokers. You can find out how many lending institutions each broker works with and what the fees are for each broker.
Where can one find a discount mortgage broker?
One can find a discount mortgage broker from the following sources: Discount Mortgage Canada, A Discount Mortgage, Ratehub, Hover MTG, Charcol, Mates Rates Mortgages, Property Observer.
Where can I find mortgage broker training?
Capstone instutute of Mortange Finance offers mortgage broker training. http://www.capstoneinstitute.com/ I think that your best bet would also be talking to a local Mortgage Broker and seeking their advice.
Where can I find a reverse mortgage plan?
Talk to your mortgage broker, and get in touch with the real estate office, as well as your bank. From there, your broker will be able to provide you with this info.
