California home loans

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Is it Time to Refinance

What Types of Loans Are Available

Can I By a Home with No Money Down?

Loan FAQ

Okay, So Your Credit's Not Perfect

What about Property Exchanges?


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Less than Perfect Credit:

Years ago, if you had bad credit, you were really in dire straits. Not only was the loan rate much higher, but the chances of being approved were slim at best.

Those days are gone forever! Today, many investors on Wall Street have conducted countless risk surveys that determined once and for all that homeowners saddled with debt and slow payments pose only a slightly higher risk than the "A" paper applicants. Risk-based lending evaluates more factors than just credit history. Other factors that help determine an affordable solution for you will include:

  • How much time has elapsed since the bankruptcy, foreclosure, late payments, etc?
  • Is the credit on the mend now or is it still shaky?
  • Length of time at current property
  • Job Stability
  • Amount of equity in your home (if refinancing)
  • Amount of down payment available (if buying)
  • Is the new loan going to reduce your monthly expenses?

So, don't give up hope. You'd be surprised at the "perfect loan" awaiting you.