If you are trying to get a mortgage with bruised or bad credit then it’s likely that your local bank will turn you down. The good news is that even if you have an exceptionally bad credit, getting a loan from major banks is not your only option. The Place To Mortgage Inc. has access to dozens of lenders besides the traditional banks so we are able to offer a variety of options that may suit you and your situation.

Many of our lenders specialize specifically in dealing with credit issues. The catch, higher interest compared to a borrower with pristine credit history. This simply compensates the lender for the additional risk involved however the difference may not be as large as you may think as many variables may be taken into consideration. Another thing to consider if applying for a loan when you have credit concerns is that a larger down payment may be required (in order to offset the lender’s risk) in comparison to that required of a borrower wit immaculate credit. Simply request a no obligation consultation to see what products may be available to suit your specific situation.

If your credit isn’t quite where it needs to be to purchase a home today, we will NOT send you packing. Your The Place to Mortgage associate is also available to analyze your current credit report and offer an individualized action plan to get you going in the right direction.

Improving your credit score in order to get that mortgage with bruised or bad credit.