How can I repair my credit?
Mortgage professionals are not qualified to advise you on correcting your
credit. A legal professional or someone specializing in that
field should handle this. We can
sit down with you and determine whether you need to correct your credit or
not. Many times, due to common last
names, or an error of one number on a social security number, credit files
can be merged inaccurately.
A poor credit history, while unfortunate, does not eliminate your
ability to obtain a mortgage loan. However,
you can be better prepared if you get a copy of your credit report to
review before you apply for your mortgage.
That way if there are any errors you can take steps to correct them
before you submit your application. If
you have had credit problems, be prepared to discuss them honestly with us
and come to your application meeting with a written explanation.
At Landmark
Mortgage, we know there can be legitimate reasons for credit problems, such
as unemployment, illness or other financial difficulties.
If you've had a problem that's been corrected and your payments
have been on time, your credit will probably be considered satisfactory.
Also, what you interpret to be a credit challenge and what lending
institutions consider derogatory may be two completely different
interpretations.
Landmark Mortgage
specializes in assisting those individuals with less than perfect
credit. Whether it's a matter of
negotiating with your creditors or simply including a letter of
explanation, we can advise you on the best approach and help you get the
house of your dreams!
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