Credit Problems
Our experienced staff can help you re-establish your credit...recover
from overwhelming debt...or consolidate your high-interest debt. We specialize
in helping homeowners repair their credit, putting them on the road to
financial recovery. With over 250 lenders, even if you've been turned
down for a home loan before, or don't think you qualify, we can help!
We have lenders who offer 100% financing with scores as low as 520 (Please
call - this program is not available in every state). Fill out our
secure on-line application to get started.
If you have ever experienced or are currently experiencing
any of the following problems, or if any of the following situations apply
to you, we can find the right program to fit your profile:
|
Late Payments
|
Bankruptcy |
Divorce |
| Collection Accounts |
Credit Card Debt |
Over Extended |
| Tax Liens |
Consumer Credit Counseling |
Medical Bills |
| Foreclosure |
Repossession |
Charge Offs |
| Unemployed Or Laid Off |
Turned Down By A Bank |
No Credit |
| Low Credit Scores |
High Debt to Income Ratios |
No PMI Desired |
| 100% Financing |
High LTV Cashout Refinance |
Stated Income |
|
|
|
HOW TO DETERMINE YOUR B-C CREDIT PROFILE
|
| B-C interest rates and programs are determined by mortgage lates,
lates on consumer credit, charge offs, collections and judgements,
bankruptcy and foreclosure. Most programs require a credit score....some
rely on mortgage lates only. |
| ***Please note that these change slightly per lender |
| |
|
Rating
|
Debt to Income Ratio
|
Mortgage Lates
|
Consumer Lates
|
Collections, Chargeoffs & Judgements
|
Bankruptcy & Foreclosure
|
|
A+
|
45%-55%
|
No more than 1x30 in the last 12 months |
limited 30 day lates |
Last 24 mos - All must be satisfied |
none w/in last 3 yrs |
|
A-
|
50%
|
No more than 2x30 in the last 12 months |
30 days lates, limited 60 day lates |
Last 24 mos-can remain open- Max of $1000 |
none w/in last 2/3yrs depending on LTV |
|
B
|
50%
|
No more than 3x30 in the last 12 months |
Last 12 mo -limited 60 day lates |
Last 24 mo - max of $2500-Can remain open |
18 months out of bankruptcy or foreclosure |
|
B-
|
50%
|
No more than 4x30 or 1x60 in the last 12 months |
limited 90s and 120s in last 12 months |
Last 24 mo - Max of $2500-can remain open |
18 months out of bankruptcy or foreclosure |
|
C
|
50%
|
5x30; 2x60 or 1x90 in last 12 months |
Last 12 months 120s |
Last 24 mo- Max of $5000 - can remain open |
12 months out of bankruptcy or foreclosure |
|
D
|
50%
|
4 mos deliquent at closing |
Significant current and past problems |
Last 24 mo-Max of $5000- can remain open |
Prior to closing Ch7 min - 12 Mos |
|
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