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Mortgage-Helper.com | |
| Your only unbiased source for mortgage and credit information. I don't take applications or "harvest leads." I help people of all credit types avoid ripoffs and save money - since 1999. -- Carolyn Warren |
![]() My credit was terrible due to a bad divorce. Previously, I had tax liens, charge-offs and collections. I'd been turned down several times for a loan... I was able to buy a large, two-story house with a sweeping view of the water. After I update the house, it should be worth over a million dollars. So thanks a million! -- Mark |
![]() We had a bankrupty and didn't think it was possible for us to buy a house so soon. But we bought a charming 3-bedroom home. We love it, and Gene doesn't mind mowing the lawn anymore, because it's ours. -- Gene and Roberta |
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Don't
Be Discouraged...You Can Become a Home Owner Are you fed up with making the monthly mortgage payments for your
landlord--helping him get richer and richer--while you throw away
your own hard-earned money? Are you aggravated about making payments
month after month, year after year, yet having nothing of value
to show for it? You're not alone. Now there's good
news for people who are tired of renting... More people with credit challenges are buying homes than ever before. It's a fact: home ownership in 2006 is at an all-time record high. Approximately 70% of Americans enjoy living in their own homes. For the first time, renters are in the minority, and that's a very good thing. Because when you buy your own home, you invest in your own future. Help is Here for Renters Who Want to OwnYou can enjoy the financial security, deep satisfaction and self-esteem that comes from home ownership. No matter what your credit has been in the past, don't give up. This is an incredible opportunity that is available to you--but only if you take the first step. Your first step is to read this article in its entirety. Please don't just skim through it. I don't want you to miss a single word, because when I demystify how to buy a house with bad credit, you will discover that you can experience the joy and reap the financial rewards of owning your own home! Even if you have bad credit on your record. Has it boggled your mind how other people with poor credit--perhaps even worse than your own--get home loans, while you get turned down? Have you been disappointed time and time again? Or have you been afraid to apply because of your credit? All that is about to change! Get ready to “kiss renting goodbye!” And in case you're wondering, the testimonials here are real.
People with bad credit don't like to advertise it on the Internet, so
only first names have been used. I spent ten years working for some of the largest national
lenders--companies whose names you would easily recognize. I have
experience in mortgage retail, mortgage wholesale, and
mortgage brokerage. What this means to you is that I know all
aspects of the mortgage business, and I know how the most unlikely
candidates get approved for home loans. Not only have I closed hundreds of loans for people with credit
challenges, I also gave presentations to seasoned loan officers and
bankers on how to get their clients with poor credit approved. Getting a mortgage with poor credit is my specialty, and I know all
the tricks of the trade. Insider Knowledge
Will Get You Approved I know what goes on behind the scenes in the underwriting department, what it takes to get “an exception” when you don't meet the regular guidelines. I know what the underwriters want to see on the application, and what they want to read in your Letter of Explanation. I know exactly how people with bad credit get approved. I will help you turn a loan denial into a loan approval! I will reveal to you information that a privileged few know, so that you can turn your deepest heart's desire to own a house into reality. But First, A Warning:
Read this confession made to me by a loan officer:
Do you think it's right for a loan officer to make a huge commission
off someone just because they had unfortunate circumstances in the
past that hurt their credit? I don't know about you, but that
infuriates me! And in just a
moment, I'll tell you about exposing
the companies who take unfair advantage. But first... How about these comments from two other loan officers:
How does this make you feel? At the beginning of this year, a nurse was
over-charged by $8,700 in upfront fees, because she had a low credit
score. That's not right! She knew all about
helping sick people get well, but she didn't know a lot about home
financing. She already had to take a higher
interest rate because of her credit. But then the loan officer
added a so-called "discount fee" of $8,700. In reality, it was no
discount at all. And the poor nurse had no
idea. So excuse me for being blunt, but I call that "financial
rape." It's not just the people buying modest homes, either. I was
just told something on a confidential basis, so I can't reveal
names. But a particular couple bought a house for $1.6 million,
and their loan officer took advantage of them. He jacked up their
rate and pocketed a commission of over a hundred thousand
dollars! He feels great, because he made more from one deal than
most people make in a year. That's what I call taking advantage. You might ask, "How do they
sleep at night?" And I'll tell you the brutal truth. I know
these people, and they sleep just fine. They think they're "worth
it." Plus, all they care about is their own ego. They
like to brag to one another about how much they made, and then they
slap one another with high fives. So what I'm saying is that you really need inside information on two aspects of buying a home:
Don't Fill Out Multiple Applications... Don't Get Your Credit Checked Over and Over Again... If you apply for loans all over the Internet, you're just setting
yourself up for heartache after heartache. Not only is it a
waste of time, but with hits to your credit report by multiple
companies, your credit score may be further damaged.
Credit inquiries count for 10% of your credit score. You don't want to
risk lowering your score, especially if you're borderline. One woman applied for a mortgage on 30 different web sites. Talk
about
“running on ice”--what a waste of time and energy! Not only
was it ridiculous, it looked terrible on her credit report.
Everyone can see where you've applied for credit before, and when they
see lots of companies, it makes you look desperate, and then they
charge you more. One
mortgage manager said to me, "Look at all these credit inquiries.
This person can't get a loan anywhere." So then she told me she
was going to jack up their interest rate, just because the people would
"no doubt be sick and tired of shopping around." Do You Make This Common Mistake? If you plead, “We're good people; please give us a chance,” you're wasting your time. Mortgage lenders do not care how good you are, how badly your children need a home, or how you were scammed in the past. If you want to be considered, you've got to tell them exactly what they want to hear. “I know I can handle this” is not going to cut it! Patricia found that out the hard way. She had a “voluntary repossession” for an auto on her credit report. The lender asked for a Letter of Explanation. Patricia said when she realized she couldn't keep up with the high payments, she decided to turn in the car. Listen to what happened: "After I applied for a home loan, not only was I turned down, I was insulted too. I was told that the underwriters had a good laugh at my Letter of Explanation for Delinquent Credit. I didn't find that very funny. Get Your Approval First, Then Go House-Hunting Every day my email filled up with people pleading for help. They wanted to know how to buy a house, even though they had some bad credit. I was spending my entire evenings, often until midnight and later, sitting at the computer answering these good people. But the problem was, I couldn't tell each one of them everything. It was not practical to write out that many pages of information, over and over again. So I came up with a solution. I wrote out everything you need to know to get your approval letter in hand, and to be able to go house-hunting with confidence. Here's what it looks like... Part 1 is "Home Buying Secrets and Successes" Here I tell the actual accounts of people who were first denied, but then got approved. I tell what their specific challenge was, and what they did to overcome it and get approved. You'll probably see a situation similar to your own. Here are just 3 of the examples... * A growing family needed to get out of their small rental and into a house with a yard for their children. Even though they had a recent bankruptcy, they got a zero down loan with less than $990 out-of-pocket. Now they're in a big split-level house with a fenced back yard. * A secretary who was skeptical because she had late payments and collections was able to buy her own condo within 45 days. * A single man with late payments, collections, and a bankruptcy refused to take a high interest rate loan. In 3 months, he bought himself a $850,000 penthouse for 7%. Not bad, considering his credit. Then I go into Strategies for Getting Approved, including... * How to use Compensating Factors to get approved with bad credit on record, and * How to write a Letter of Explanation the underwriters will accept. I even included two "bad" letters and the rewrites into "good" letters. You have permission to copy them and insert your own info. Part 2 is Succeeding with Any Type of Credit Questions are answered, such as... * What score do you need for A, B, C, or D credit? If you have B credit, they shouldn't be charging you for D credit. But it happens a lot. Knowledge is your mace against liars. * What about bad credit that wasn't your fault? A lot of good folks feel cheated out of their good credit. Here's the inside scoop on what the people dishing out the approvals say. * What reasons for bad credit are acceptable to underwriters? There are two, so you'll need to adapt your situation to fit one of them. * How can you get an "exception" to the approval rules? This is a little-known secret. People get exceptions every day. In fact, I used to specialize in this type of loan, so almost every loan I did was considered "an exception"! * How do you protect your credit in a divorce or separation? The faster you act on this, the better. But it's never too late to start. * What if you have a lot of credit card debt? Don't let credit cards stand in the way of your dreams. Get the best tips on what to do about debt. * 10 Easy Steps to Home Ownership No matter what your past has been, if you follow this plan, you will become a home owner and the American Dream will be yours! * 10 Easy Steps to Home Ownership After Bankruptcy If you have a bankruptcy on record, you're going to be pleasantly surprised, because some lenders don't care! Part 3 is How to Present Your Employment and Income I explain how lenders look at your employment, income, and debts in order to determine what size loan you qualify for. Then I explain what to do if you've changed jobs a lot, can't verify your income, are self-employed, have periods of unemployment, receive disability income, or child support. You'll learn how to afford the house you want and how to get approved for more. You'll see examples with figures, and learn how to figure it out for yourself. If you don't like working with numbers, then you'll also see how to let an online automatic calculator do it for you. Part 4 is Selecting the Right Loan Program and How to Find the Right Lender You need to know where to go to get approved! What's better, going local or on the Inernet? Should you use a banker or a broker? What about loan officers who say their company has their own money to lend--the direct lenders? Then, very important... * What You Must Know About Prepayment Penalties! What's a rip-off and what's not? How can you know for sure if you're being charged a prepayment penalty? You'd be shocked at how many people have been deceived about their hidden penalties. Don't be a victim! * Which loan is best for your situation? Proceed with confidence after you read my quick and easy guide on these loans: Fixed rate Adjustable rate (ARM) 2/1 Buy Down Balloon loan Pick-a-Payment Loan (Option ARM) Interest-Only Payment 40-Year Loan Combo Loans * Down Payment Requirements and Zero Down Most first-time home buyers are getting zero down loans. If you've heard that you must have excellent credit, that's just not true. * Government Loans The government has some appealing choices for you. Learn how to qualify. * GRANT Programs, including grants that are available to anyone. You don't have to be low-income or in a hardship situation to qualify. You don't have to be a first-time home buyer. * Foreclosure, buying a house after having a foreclosure. * How to find and choose a good, honest loan officer * The Biggest Mistake You Can Make! What never to say to a loan officer. If you make this common mistake, you're guaranteed to pay more. Just one sentence can be a red flag that tells your loan officer to bump up your rate! You won't read this warning any place else. * What paperwork will you need? (Be prepared, not surprised and stressed out. * What are the Fair Closing Costs? My handy list will save you money and stress. * How to avoid Junk Fees Home buyers pay on average, $1,225 in up front junk fees. Don't throw your hard-earned money down the drain! * The loan process explained, quick and easy. * More Success Stories to give you confidence and inspiration! Part 5 is Getting Your Dream House A house is not like a coat. You can't return it for a refund if you change your mind, so you need to make sure you pick a home you're going to be happy with. This can be tricky. I have some friends who bought a gorgeous $450,000 house with a sunket garden tub surrounded by stained glass windows and other appealing features. Yet, just one year later, they wanted to sell it and move. Why? Because there were some things they hadn't thought of. "If only we'd thought about how much yard maintenance there would be, and if only we'd realized we need a bigger garage," they said. To to help you from having regrets, I've created a great Check List that goes room by room and outside the house too. Then to top it off, there's "46 Secrets for Avoiding Home Buyer's Remorse." Even one of these can help you avoid making a tragic mistake on your biggest purchase ever. So save yourself from the surprise horrors that have happened to others. Get Personal Advice for Your Own Situation After you read How to Buy a House
When You Have Bad Credit, if you still have a question about
your
own situation, you may send me an email and I will personally
reply. My email address will be on your invoice. Stop Wasting
Your Money on Rent and Start Living The American Dream If you want to stop the cycle of renting and start making a secure
future for yourself, then get How to Buy a House When You Have Bad
Credit
now, because waiting for later cannot help. Bad credit does not
disappear on its own, and house prices continue to go up. Don't put
your future on hold. Start building your wealth in real estate
now.
“Your book has given me a chance to be a home owner. I want to thank you to you for educating me and my friends.”What Other Professionals Say: "Not only have you been an educational resource, but you have rescued my clients from mortgage scams! Thank you!" Risk-Free Guarantee
You have nothing to lose. Order this one-of-a-kind, information-packed book now. It is updated yearly, so you receive current mortgage information. Remember, if you have any questions after reading, send me an email and I will answer you personally for no additional charge. It's like having an unbiased professional right at your side. Stop wasting your life on rent. Invest in your future. Increase
your
personal wealth through real estate. Take advantage of the best tax
deduction available. Make your dream--The American Dream--come true for
yourself and your family. Get How to Buy a House When You Have Bad
Credit now, because this can change your life in a wonderful way. To Help You
Even More, Here's a Very Private Bonus:
It's just come to my
attention that a lot of good folks with credit challenges would like to
know my opinion on which lenders are best, and which to steer away
from. After all, there are those who have a reputation of being
"loan sharks in sheep's clothing."
I can't be specific here, for liability reasons. But I've come up with a way to expose the companies who are taking unfair advantage of good folks with less than perfect credit. I don't know how long I'll make this available... But if you order now, and if you promise not to sue me for
expressing my personal opinion, I'll include a list of the 5 lenders I
favor and the 5 lenders I disfavor (with the reasons why). Please Note: This list
will not come with the book. I will email it to you within 48 hours
of receiving payment for the book. There is no additional charge for this exclusive list. It's a
gift from me to the good folks who fervently desire to own their home
but have credit challenges, either due to past mistakes or to the
storms of life. But it could easily save you anywhere from $500 -
$2,000 in fees and rates. Or in the case of that nurse, $8,700. Yes! Give Me This Now. I Want to Kiss
Renting Goodbye! It's a Small Investment to Save Thousands of Dollars!
Remember the warning about greedy loan officers? Read this
confession. I can't say which company it was here, but I do tell in the very private
bonus you'll get by email after ordering the book. "I gave them this (expensive) loan because I was trying to win a contest for a trip to Hawaii." You Won't Find This Information Anywhere Else! Here's why... Sure, there are plenty of home buying books in the bookstores...however, they are not written by professionals in the mortgage business. They cannot and do not give you the “inside scoop” from someone who's been in mortgage retail and mortgage wholesale, like I have. A writer doing research on the topic of home financing has not been privy to the “inner office whisperings” among underwriters and loan officers. They can read the rules, but they can't find the unwritten rules--how to get approved if you fall into that area just “outside the box” and what the mindset of the underwriters is. Read this story from a middle-aged couple who was fed-up with renting:"We were tired of throwing our money away on apartment rent, so my husband and I got pre-approved to buy a condo. We had late payments in the past, but had gotten caught up, and we felt we were ready to buy a place of our own. When it came time to close the deal, our loan fell through. We couldn't believe it! As it turned out, the lenders denied us because of our past credit, and the so-called pre-approval was no good. We didn't know what the rules were, so we had no defense.
Home Owners are 20x More Secure than Renters! An Important Message to Parents
Remember, home owners have twenty times the financial assets of renters. And according to a government study, children of home owners do better in school. All new for the current market! This ebook was revised/updated August 2007, taking into account all the changes lenders have made, so what you get is current information If you happen to have a question
after reading, send me an email, and I will personally answer. With our 100% Satisfaction Guarantee, you have nothing to lose and The American Dream to gain!
Yes! Give Me This Now. I Want to Kiss
Renting Goodbye!
About the AuthorCarolyn Noel Warren has extensive experience in the mortgage business. She has worked for three of the largest national lenders closing loans all over the U.S. She worked for a finance company, and a full-service broker, and a national wholesale lender. In addition, as a licensed notary public, she has signed loan papers for dozens of lending companies. Carolyn and her husband own a home in Washington state, where they live with Francie, a frisky Himalayan cat. Order this extraordinary book packed with information you need to know now. It comes with a no-risk, 100% unconditional money-back Guarantee. Order your copy here. |
Skeptical? Here's More Information...If you think buying a house when you have bad credit sounds "too good to be true," I don't blame you. After all, banks and loan officers who do only good credit loans are telling you that. But as a mortgage broker who specialized in non-conforming loans and as a wholesale account executive for a national lender who provides money to mortgage brokers, I can tell you that people with bad credit are closing the deal on their home loans every business day of the year. About Mark S. of Seattle, Washington who bought a house with a sweeping view of the water: He is a CEO of a large company, and there's no way he would allow his identity to be exposed to the whole world on the Internet. But he did graciously allow me to use his short testimonial. His credit was demolished after his ex-wife ran up all his accounts and defaulted on them. He ended up with pages and pages of derogatory accounts, which destroyed his score. Nonetheless, he bought himself a wonderful old house that had a lot of potential, even with his embarrassingly low score. I got to see the house before and after he fixed it up. It was a cool house that was badly in need of updating, so when it was done, it was very appealing. Mark ended up selling the house and buying a brand new "Street of Dreams" home for $1.9 million after that. By this time, his credit was cleaned up. Life goes on after bad credit. About Gene and Roberta K. of Everett, Washington who bought a house with a recent bankruptcy on their record: Gene told me he didn't think they'd be approved, and he told his wife if they were turned down, he was going to buy a boat instead. Fortunately, they came to me first, because I got them a good FHA loan with a low rate. They're very happy to have their own place and not be paying rent anymore. If you want to verify that these stories are true, you can call a woman who has worked as an underwriter approving loans for some of my clients for over ten years. Or you can call one of my former co-workers who witnessed the loan closings. Simply send me an email at carolyn at mortgage-helper dot com, and I'll give you their phone numbers. (I have on file written permission from every person who has a quote or testimonial on this website, but most do not want to use their whole identity, because bad credit is not something to be proud of, and they go on to improve their credit later. I'm grateful that these people were generous and kind enough to allow their statements to be shared.) But, Will YOU Be Able to Buy a House With YOUR Bad Credit?You may not be as "hopeless" as you think... Linda Allen, the wife of Alpine Mortgage Service, Inc.'s president, stood in the conference room and asked a group of loan officers if they wanted a loan. All of them said yes, but then changed their minds and said no thanks after reviewing the people's credit. These people had defaulted student loans, credit card late payments, collections, and rotten credit scores. Then one of the loan officers, Dustin Bruce, suggested to Linda that she ask me if I'd like to take it. He knew I specialized in hard-to-qualify loans. I looked over the file and said, "This will be a challenge, but I can do it." So I called the couple and set up an appointment to meet. After I got all the paperwork I needed, I submitted their loan to seven wholesale lenders who do sub-prime loans, and I got seven denials. One of my co-workers, Gayle, who'd been in the mortgage business for three times longer than me suggested I call the people and tell them to come back in a year. But I didn't want to do that. I had faith in these people and I wanted them to get their house now. The eighth lender I submitted their application to responded with, "APPROVED." That was the answer we were looking for! Within thirty days, this nice couple was living in their dream-come-true, their own home. Experiences like these taught me how to get loans approved for people with "hopeless" circumstances. So yes, people with really bad credit can buy a house. Since I haven't seen YOUR loan file, I cannot guarantee an immediate approval for you. To do so would be dishonest, and frankly, ridiculous. But I can tell you that many, many people who think they can't qualify for a home loan, actually CAN, when they learn how to go about it and who to go to. And those who can't, CAN set themselves up for an approval, often within a few months. So let's take a worse case scenario. Let's say you happen to be one of those people who cannot get a loan from any lender in the entire country. Then you use my information to set yourself up to buy a house in 3 months, or 6 months. Isn't that better than waiting for years and wasting that much more money on rent, and feeling hopeless and depressed about your situation? If you get this information, read it through, and think it wasn't worth it, then take me up on my 100% money back guarantee. I'm not in the business of ripping people off; I'm in the business of helping people. I'm a Member of the Better Business Bureau in good standing. So if you aren't happy, I'll refund all of your money, because the last thing you need, as a person who's struggling to get ahead in life, is to buy something that does you no good. Agreed? On the other hand, if you get into your own home--like so many other good folks with credit challenges have--then please send me an e-mail and let me know. I never get tired of hearing happy endings! |
