First Time Home Buyers
If you are buying a home for the 1st time, you probably have a lot of questions about the home buying process.
Read through our articles here at ABC Loan Guide to get a basic understanding of the mortgage process and your options. Make sure you shop around for the lowest interest rate on your mortgage loan.
Do you have Credit Problems? See our Bad Credit Mortgage Lenders
Recommended Lenders for 1st Time Buyers
These are the Best of the Best:
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Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
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If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
The average rate of interest on mortgage loans continues to fall and has been under 5 percent for almost all of this past year, with this recent round of rate cuts seen as the lowest for borrowers in years. The reason, many borrowers today have bad or at least less than perfect credit scores. Still a borrower with less then perfect credit an jump through a few hoops and get a fairly decen rate on a loan.
When buying a home for the first time, it's important to know that the mortgage broker you work with will usually choose a loan program that they think is best for you without offering you any other choices. That is why it is important to study out different loan programs on your own, in order to be able to decide what type of mortgage loan you want, and then ask for it.
Make sure you use a mortgage lender that is reputable and competitive in their interest rates. Try to get at least 3-4 loan offers before you settle with one mortgage broker