Unlocking Homeownership: Perfect Credit Not Required
As a Mortgage Professional, we specialize in tailoring solutions to your unique circumstances and aspirations. Let's explore the key points you need to know:
Access to Multiple Lenders Think of your mortgage broker as your bridge to a world of lending options. We work with a wide network of lenders, and some of them specialize in helping individuals with less-than-ideal credit scores. In simple terms, your credit history need not prevent you from realizing your dream of homeownership. We can connect you with lenders who understand your unique situation, and can provide you with options to explore.
Improving Your Credit When you work with a Mortgage Professional, you're not just securing a mortgage; you're gaining a partner in your journey to better credit. We can review your credit report, help you address any discrepancies, and provide insight on enhancing your credit over time. With some guidance you can improve your creditworthiness and expand your mortgage options.
Seize the Opportunity with Lower Home Prices For those entering the market, the current real estate market presents an ideal scenario with more affordable home prices. You don't need to wait for your credit to be perfect to take advantage of these lower prices. We can help set you up with a shorter-term mortgage while you simultaneously take guided steps to improve your credit score. This strategy allows buyers with compromised credit health to take advantage of today's low home prices, making home ownership possible now. Once we have your credit in good shape, we can look to other lenders for longer term options.
Credit Tip - The Golden Credit Rule: 2-2-2 Lenders often look for a track record of responsible credit use. We call this the Golden Rule of 2-2-2. Most “A” Lenders require you to have two forms of credit reporting for at least two years, with an available credit limit of $2,000 on each. This rule helps demonstrate your creditworthiness, making you a more attractive candidate for a mortgage. If you are not quite here, we have lenders who will still consider you while we help get you there. You don't need a perfect credit score to achieve home ownership. Even if you've faced credit challenges like a consumer proposal or bankruptcy, we have connections to lenders willing to consider your unique situation. Let's talk. Bring us your questions and concerns. We want to help you realize your home ownership goals. Email us today.