Do You Have
NO Credit OR Very Little
Credit Established?
If you have little
or no credit established, but want
to purchase a home, I may be able
to help. Banks and Credit Union's
in today's mortgage market generally
have heavy trade line requirements
for obtaining a mortgage. Meaning
that they want to see several established
credit trade-lines on your credit
report.
I offer unique mortgage products
for clients using alternative credit
such as Car Insurance, Rent and Utilities
that are already in your name to help
you obtain a mortgage.
I suggest establishing credit right
away if you lack credit to obtain
a credit FICO score for the future
even though I may be able to help
you right away..
There are many ways to establish
credit in your name:
Opening a Secured Visa or a Car Loan
are just a few ways you can establish
credit.. I also suggest that you pay
all current rent payments on time
and with a personal check (even if
its to a family member or friend while
renting a room). Verifiable rent is
just another way to show an underwriter
your credit worthiness for obtaining
a loan. So remember, ALWAYS pay your
rent with some form of traceable source
such as a check or money order.
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My
Credit Union turned me down
for a mortgage because I had
very little credit established
in my name. Nick helped me use
alternative credit to qualify
for an FHA mortgage. We closed
really fast!. Thanks Nick! ...Daniel
L. Grand Rapids, MI
