| Is less than perfect credit preventing you from owning | | | | Instead of fist heading to a bank you may want to |
| your own home? Well it doesn't have to. There are | | | | check out one of the many websites that allow banks |
| lenders and loan programs designed to assist people | | | | to compete for your business. You will need to enter |
| just like you secure the financing they need to | | | | some information about yourself and your credit |
| purchase a home. You just need to look for them. | | | | history and the website will provide you with a list of |
| The first step is to run your credit report. Often times | | | | banks and lending terms. This allows you to |
| those with poor credit avoid reviewing their report. This | | | | comparison shop and pick the one that offers you the |
| is a huge mistake. 3 out of 4 credit reports contain | | | | best deal. |
| inaccurate information. While this is very common, | | | | You will also want to check to see if there are any |
| those mistakes can negatively affect your score | | | | conditional clauses in the loan agreement for those |
| making it more difficult for you to get the financing | | | | with poor credit. You may be required to pay more |
| terms you deserve. By law the credit reporting | | | | upfront or you might only be able to lock in your |
| agencies must remove any errors from your report, | | | | interest rate for 2 to 3 years, so you will want to take |
| but you need to bring them to their attention. Once you | | | | these things into consideration. |
| have established that your report is free from | | | | You can still buy a house with bad credit. It just |
| mistakes and you know your credit score you can | | | | requires a little extra patience and preparation. |
| begin shopping for a lender to meet your needs. | | | | |