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 Own

You 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:

1. Not all companies and not all loan officers work with people who have bad credit. Some of them will deny your application from the get-go. Many loan officers do not know how to “present” a loan file to get it through the underwriting department for approval. So, you must know how to “present” it yourself, and you must find the right person to work with--I will tell you how to do that.
2. Some loan officers take unfair advantage of people with credit problems by gouging them with high interest rates and exorbitant fees. Therefore, you must know what is fair pricing for your credit situation. Otherwise, you become open game for greedy and unscrupulous loan officers who see you as an opportunity to make a killing!

Read this confession made to me by a loan officer:

"I once made a $15,000 commission on just one loan, because I bumped up the interest rate and added points."

Another loan officer bragged about making $17,400 off one client who thought he had no other options because of his credit.

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:

"If people have good credit, I don't overcharge, but if they have bad credit, then I don't have a problem with it (overcharging)."

"Hey, if they're stupid enough to take a high-priced loan, it's their fault."

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:

1. How to get approved.
2. How to keep from being overcharged just because you don't have perfect credit.

When You Know How to Apply for the Right Loan, It's Like Knowing a “Secret Code”

• You can buy a house if you had a bankruptcy.
• You can buy a house if you had late payments in the past.
• .You can buy a house if you paid rent late in the past.
• You can buy a house if you had charge-offs and collections in the past.
• Zero down or low down loans are available.
• Gift money and grant money is available for your down payment! (Low income or hardship is not required.)
• The seller can pay for your closing costs, so you don't need a large savings.

Don't Waste Your Time...
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.

“Then I followed Carolyn's advice.  I rewrote my Letter of Explanation, and I applied for a different type of loan. Guess what? I am now living in a house with Old World charm and a professionally landscaped yard. I love it!" -- Patricia

 
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.

Getting this information makes good sense, because without it...

1. You will take longer to get your own home.
2. You will pay more for the same house by waiting.
3. You will pay more for your loan, because you don't fully understand pricing for people with imperfect credit.

Feedback from others who read this book:

“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.”
 -- Mario, California

"I wanted to tell you that our loan was approved.  I am so very grateful for your encouragement during that process."
-- Christian, Alaska

“Thinking of you as we enjoy the first year in our new home--thanks in large part to all the wonderful information you provided. Thank you, Carolyn. You were truly our ‘fairy godmother’ in our quest to purchase a home! The information you provided was absolutely the major factor in making it all possible for us!” -- Kathleen, Washington

“We close on our house two weeks from tomorrow. Everything has gone great. Your book has been invaluable.” -- Jeff, Texas

“Practical and methods work...information all in one place...saves literally hundreds of pages of info from other sources...thanks.” -- Terry, Indiana

“I have finished studying/reading your book. I thoroughly enjoyed it and couldn't put it down till I finished it.” -- Keith, Georgia

“I read your book and found all the information to be very useful and very interesting."  -- Adib K.

What Other Professionals Say:

"Not only have you been an educational resource, but you have rescued my clients from mortgage scams!  Thank you!"
-- Patty, a Realtor from N.J.

"Priceless information. If your credit is less than perfect, get this book." --Rick Cashman, Loan Officer, Lighthouse Mortgage, 17-plus years, New York

"Anyone can pick up this book and understand what they need to do to become a home owner. No matter what your credit, Carolyn gives you a simple plan for buying a home in the quickest and best possible way." --Rene Semones, Branch Manager, Mortgage, 5 years, Houston

"Carolyn Warren's honesty and integrity are above reproach. Through this book you can profit from others' mistakes and make the home buying process pain-free." --Saundra White, Loan Underwriter, 15-plus years, Seattle

Risk-Free Guarantee

You have nothing to lose.
No-Risk 100% Unconditional Money-Back Guarantee.
If you aren't totally pleased, send the book back and all of your money will be refunded.

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:

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."

This particular company that advertises on national television had an annual contest for their employees.  The loan officers who brought in the most revenue won.  Understand, this is not the loan officers who worked the hardest and did the most loans.  This is the loan officers who sold the highest-priced loans!

She did win the trip...at the expense of many unsuspecting clients who paid more in closing costs and got ripped-off with a higher interest rate than necessary.

How to Buy a House When You Have Bad Credit will make you smart about home financing. If you can read this webpage, you can understand this book. It's not complicated or overly technical. It just gives you “inside information” that you can't get anywhere else.

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.

"Then I decided to do some research on my own. I came across this information and everything became so clear. We completely changed our approach to applying for a loan. A couple months later, we closed the sale on a home that has an office for my home-based business. We are so happy! As I write this, my husband is out mowing the lawn--our lawn!

We highly recommend this information for anyone who happened to get a bit late on their credit cards and student loans like we did!" --Mike and Georgia, Washington

Do you want to stop renting and buy your own home? If the answer is yes, then don't hesitate, don't procrastinate.

Home Owners are 20x More Secure than Renters!

Home owners have 20 times more in assets than renters (median home equity is $90,000), according to the Federal Reserve's Study of Consumer Finances.

This is a safeguard against financial disaster, inflation, and homelessness. It is protection for old age. Renters lose out on this security.

An Important Message to Parents

According to the Home Ownership Alliance, “Children of home owners are likely to perform higher on academic achievement tests, more likely to finish high school and have fewer behavior problems in school.”

One More Thing... Renters Lose Out on the Best
Tax Deduction!

Are you unhappy that you don't get to take advantage of the best tax deduction? You may pay as much for housing each month as a home owner, yet you don't get to write off most of it as a tax deduction, like the home owners do.

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 Author

Carolyn 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.