Today there are many people who have bad credit rating, often due to different circumstances. You may have been involved in a bankruptcy in the past or have dropped into arrears via a mortgage deal. There are also some which may have a CCJ (County Court Judgment) against them, maybe because of a utility bill which was unpaid or a credit card bill which had been outstanding.
Be patient. This credit rebuilding process can easily take two to three years, but you’ll reward yourself with a credit status much like the one you had back in the good old days.
We urge you to dig deep and realize that having a year’s worth of proper Food Storage, is no different than the $10,000 you may have stashed away for an emergency.
When you’re out of work and there’s nothing to lose, taking a chance on yourself isn’t nearly as risky as quitting a good job to go out on your own; thus there’s very little to fear. Fortunately, I had gotten a Salesman’s license a year or so before losing my job, so nothing prevented me from going into real estate sales; but I had to be practical. I set a Go/No-Go point for the next three months as to how much money I had to earn listing and selling houses in order to continue to avoid a regular, low-level job. Because I really didn’t want to ever be fired again, I worked like a fiend to meet my goal, and I was able to continue on in the house business. Once I proved I could make a better living, I never looked back.
If you’re not bleeding, they shouldn’t be applying pressure. A Mortgage Broker who pressures you into anything you are not comfortable with probably failed ethics. No reputable broker will pressure you into anything you don’t feel comfortable with.
So if you have been denied a mortgage and said to yourself I need to fix my credit to buy a home keep reading because there are some useful tips below that can help you fix your credit and buy the home you want.
Keep in mind while you are dealing with the attorney that YOU are the customer. You should be suspicious of any attorney who is stand-offish, aloof, or says things like “Don’t worry about it, I know what’s best,” without addressing your needs or concerns. If they make you uncomfortable, move on to the next one.
If you have difficulty selecting a broker or simply don’t have time to perform the due diligence it requires, you should think about working with a company that matches brokers to your specialized needs. It takes time to find the right broker, but once you find one, you will realize what a great asset they are and the value they bring to the closing table.