Home Loans Guide

Home Loans Direct Section


Home Loans Direct Navigation

Loans Guide Home Page
Tell A Friend about us
First Time Home Owners Loans |
Sub Prime Home Loans |
Home Loans California |
Mobile Home Mortgage Loans |
Anz Home Loans |
Rams Home Loans |
Online Home Loans |
No Doc Home Loans |
Virginia Home Loans |
Manufactured Home Equity Loans |
Home Loans Australia |
Federal Home Improvement Loans |
Rams Home Loans |
Bad Credit Home Construction Loans |
Poor Credit Home Loans |

List of Home-Loans Articles

Home Loans Direct Best Seller

Learn More Here!

Best Home Loans Direct Products

Click Here To Discover Insider Secrets Of Loan Modification - How To Do It Yourself With 60-Minute Loan Modification!

"Legit Online Jobs" - Click Here To Start Earning Today!

Ovation Credit Services
Check out Ovation Credit Services ... Fix your credit profile today! Ovation specializes in credit report repair. This is an awesome program. They get fantastic results and you'll be amazed at the low monthly fee. Highly recommended!

"How To Get A Mortgage"
Terrific resource on obtaining a mortgage, even if you've been foreclosed or filed bankruptcy. On sale now for only $10.00!

Click Here!

Personal Loans & Visa Approved At Abacus
Offering Personal Loans, Credit Cards For The Credit Impaired.

Click Here!

Mortgage Secrets For Investors
Mortgage Secrets For Real Estate Investors E-book. Stop Getting Bullied By The Banks And Start Closing Your Investor Loans!

Click Here!

Bad Credit Personal Loans Regardless Of Bad Credit - Up To $25,000
Click Here!


Social bookmarking
You like it? Share it!


Subscribe to our newsletter AND receive our exclusive Special Report on Home-Loans
First Name:

Main Home Loans Direct sponsors


Newest Best Sellers


Welcome to Home Loans Guide


Home Loans Direct Article

Thumbnail example. For a permanent link or to bookmark this article for further reading, click here.

´╗┐Improving Your Credit Score Before Looking For Home Loans With Bad Credit

Loan & Credit Facts

Things have never been easier for one to get home loans with bad credit. This is because lenders are now keen on helping those with bad credit in getting themselves a home. Of course, these loans are usually of a higher rate of interest but you can work at improving your credit rating before approaching the lender to get the best interest rates for the loan.

This means that before you actually look for home loans with bad credit, you have to improve your credit rating so that it is above the 600 mark. The easiest and most logical thing you have to first do is to check on the credit report for any possible inaccuracies in the report.

Ensure All Payments You Make are Accounted For In Your Credit Score

This means that all accounts that were included in bankruptcies and foreclosures have to be checked if they have been reported accurately. All accounts that are being paid off have to be mentioned to being paid off or closed, in the credit record. In addition to this, you have to work out at paying off small debts as all accounts that you pay help in improving your credit score.

Moreover, make sure that you get a letter of notification indicating that the debt is closed to present to your lender. This is because there are many lenders of home loans with bad credit who charge about $75 to provide proof to the credit bureau that an account has been cleared. Correspondingly, your credit and credit score is adjusted in a day or two. This is a great option if you are in a hurry to get finance.

Find Out If There Are Any Pre-payment Penalties To Be Paid

Another means of improving your credit score is by paying down balances you have on any line of credit. Maintaining punctual payments and being regular in all your credit card and other loan payments all help in improving your credit report.

Once all of these steps are implemented in improving your credit report, you can look for home loans with bad credit. If your credit score reaches 600 or more, you may have to pay a pre-payment penalty, which you will have to discuss with your lender. Find out the length of the penalty and how much you will have to pay for the penalty. These are important points to consider when choosing the right lenders for home loans with bad credit.

Though you may find it a bit difficult to get your home loans with bad credit, by maintaining perseverance in improving your credit score, you will be able to get your loan and house pretty soon.

Other Home Loans Direct related Articles

Home Loans After Bankruptcy
Manufactured Home Loans
Home Loans For Bad Credit
Mobile Home Loans
Home Improvement Loans

Do you want to contribute to our site : submit your articles HERE

Home Loans Direct Specific links

Home Loans Direct News