Providing home loan mortgage financing in Lake, Geauga, Mahoning, Columbiana, Erie, Sandusky, Seneca, Wyandot, Putnam, Hancock, Ottowa, Fulton, Williams, Henry, Defiance, and many more Ohio counties.
Providing financing in Lucas, Cuyahoga, Lorain, Medina, Wood, Summit, Montgomery, Licking, Deleware, Warren, Hamilton, Butler, Franklin, Fairfield, Stark, Wayne, Knox and many other Ohio counties.
Providing home mortgages in Findlay, North Ridgeville, Highland Hills, Beachwood, Moreland Hills, Ashtabula, Rock Creek, Delaware, Franklin, Brunswick, Geauga, Grafton, Lorain, Green, Bath, Sandusky, Port Clinton, Huron and many other Ohio communities.
 
Providing mortgage financing in Cleveland, Cincinnati, Toledo, Bowling Green, Columbus, Akron, Canton, Avon, Strongsville, Avon Lake, Solon, Dayton, Medina, Wooster, Youngstown, Alliance, Mentor, Elyria and many other Ohio cities.
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Refinancing with Less Than Perfect Credit 

Refinancing with less than perfect credit is very possible and done by thousands of homeowners every day. Even though the mortgage market has gotten tougher with lending guidelines during the year of 2007 with all of the lenders shutting down, merging and filing for BK protection, it is still very possible to refinance with less than perfect credit. If you are interested in refinancing with less than perfect credit there are several things you will want to do to ensure the best financing that you can. Check your credit beforehand to see if your credit report contains any errors that can be fixed before refinancing. See if there is any way to improve your credit scores before starting the refinance process. Work with someone who truly seems to have your best interest in mind and not just some smooth talking salesman. Therefore, refinancing with less than perfect credit is very possible and there are step that you can do to help make the financing terms even better.

Many homeowners mistakenly believe that they cannot qualify for a refinance or benefit from one because they have a less than perfect credit history. The fact is I have hundreds of loan programs available for borrowers who have had credit difficulties. A mortgage professional such as myself can analyze your individual situation and advise you if changes in your mortgage situation would benefit you.

Working with a broker means that you can often get approved for loans that you might not be able to otherwise. Most brokers work with as many as several hundred lenders, and have access to the loan programs from all of those lenders. This means that they can probably approve you for a loan, even with less than perfect credit.

Sometimes, all it takes is a little creative thinking for a loan to work. A good broker knows that not all people fit into a cookie cutter mold and that sometimes, you have to think outside of the box.

Most local banks will not deal with consumers with below average credit. This is one of many reasons that working with a mortgage broker can help you. Mortgage brokers have programs for below with excellent credit, less than perfect credit and downright bad credit. Not only do they have loans for all different credit types but they also have loans for all different income types. They can mix and match these types of loans together too. An example is if you were a self-employed individual and it was hard to document your income and your credit was below average, a mortgage broker may find the loan that suits you best is a sub-prime loan that will allow you to use bank statements as income documentation instead of W2's, tax returns and pay-stubs. Therefore, there are many choices available to consumers with less than perfect credit.

If you have paid your mortgage on time for a minimum of 1 year, you may qualify for an FHA refinance loan. An FHA loan is a government insured loan. There are loan limits for FHA loans so be sure to consult with your mortgage professional at 888-418-4467 or e-maildave@gofirstsecurity.com to see if you are eligible for FHA financing.

Believe it or not, there are even programs available for people who have recently had a bankruptcy!

Use your new mortgage to build a better credit score! It's not easy, but making every mortgage payments on time for 24-36 months can help build higher credit scores. For this reason, many people will initially take a 2-year ARM or 3-year ARM, build a string payment history (and higher scores), then refinance into a lower, fixed rate mortgage. Managing credit properly requires persistence but allows you to save thousands of dollars in the long run.

Does your credit report contain errors? If so it could result in you over-paying on your next mortgage. Correcting mistaken accounts can take time so the process should be started as soon as you recognize the mistakes. Common mistakes are duplicate accounts, old accounts that have not been updated, or accounts that are marked "open" when in fact they have been paid and closed.


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