Mortgage Mortgage

  Have you tried to obtain a mortgage, but were unable to qualify due to credit or other traditional requirements? Through no fault of their own or because of unfortunate situations, many families have been excluded from obtaining the best mortgage financing available. Credit Restoration is designed to make desirable home financing available to everyone.
 

What is Credit Enhancement?
It's a proven system that helps borrowers whom because of certain conditions have suffered credit impairment, or due to stringent guidelines imposed by the secondary market are unable to qualify for a mortgage. Common situations:

• Credit scores low but no late or derogatory items
• Low scores due to items that are not yours that are derogatory
• Someone used your Identity and applied for credit in your name
• Having some legitimate derogatory items with balances 
• IRS issues past present or expected
• Divorce, Medical, extended family issues or loss of job

Why do we encourage this program?
We believe that to the majority of American families, the maintenance of adequate shelter is their number one concern. Given a chance to purchase a new home or maintain an existing home, the average person will pay their mortgage.

How does Credit Enhancement work?
We know that bad credit can happen to good people. We have often worked side by side with credit enhancement companies to help our borrowers and have seen incredible results.

It has been our experience that these companies make a genuine commitment to helping individuals who wish to improve their credit profiles or who have an inability to effectively deal with the major credit bureaus. They utilize the Fair Credit Reporting Act (public law 91-508 and civil code 601-625) to help eliminate some of the negative entries contained in your current credit profiles. If you are having problems dealing with creditors or collectors directly or just dont want to they are a great negotiator and we have seen remarkable results in just a short period of time.

But what if I have pretty good credit? why would I use them?
The cost difference between credit scores is more than you imagine (see report)   .The Difference between a change of 20 points in your credit score can mean having to come up with less down payment, being able to refinance a 100% loan to value, or qualify for loan programs that is ONLY available for certain credit scores. Although your results may vary you can expect scores to change anywhere from 20-180 points, average is 80 points.
 

How are they different than typical Mortgage "report adjusting companies"?
Report adjustment companies are a great resource but all they do is take letters of proof that you have to supply and send them to the agencies. They process what they are told rather than administrate. Its the equivalent of hiring a clerk rather than an administrative assistant. You get different results. 
Report adjustment companies dont call the creditors and negotiate, they dont get the ammunition needed to get things off. They also dont review your credit to make sure your score is optimized (balances still reporting that are already paid, balance to limit descrepancies, address-employment issues,and other thigns that effect your score).  They don't have a legal database at your disposal to deal with credit and other finance issues.

IRS problems? "they" dont negotiate with them to get it off your report or keep it from getting placed on it while negotiating for you on the debt for a fraction of what you owe!

Preferred Finance® will take where you are now and work with you to get the "catch-22's" and the "we can't do anything call the other guy" routines that normally happen right when you need to focus on the million of other things that come at you when finding and buying your next home. Do you really want to learn how to do this by "trial and error" right when you have to watch so many other things during the buying/selling process?

What can I expect?
For Poor Credit clients they make home buying possible and affordable. They raise your scores so you can put less down, consolidate your bills BEFORE you buy so you can qualify for more house.

For Average to Great Credit Preferred Finance® provides them with the best financing alternatives. 0 down, 110% loans, interest only payments(reduce your payment significantly), "no down no costs", rate exceptions, higher debt ratio allowances and more.

What's in it for you?
We are licensed professionals and helping you get your new home  is our business. We believe that given a chance and with a little guidance, most people will rehabilitate themselves and will develop a long term relationship with us and come to us time and time again for their finance needs. We support  Preferred Finance®'s efforts in helping those people that normally would fall through the cracks and not get the premier financing they deserve.

Helping families buy or maintain their home is simply put... "A Good Business Decision for Us"!!!.

I've been told my credit is OK why rush to improve it? Sure, you can GET a mortgage but if your score was better you would get better terms and pay less. The cost of poor credit is more than you think.Unless your score is over 720 on all reports  Its costing you right now and you may not know it more than you think! I want to apply, but I can't verify my income . It's okay. We know that many people are unable to substantiate their income. We have many mortgage programs designed to work for you as a part of Credit Restoration.

I filed bankruptcy and was discharged only 18 months ago, can I apply?
Yes. In some cases we will even lend you the money to pay off a balance due under Chapter 13.

Is Credit Restoration available for refinancing? For cash out?
Yes!!! Using Credit Restoration can allow you to refinance up to 110% of the value of your home. We understand that there are times you need to borrow for important purposes such as household repairs, debt consolidation, medical emergency, etc...

I've missed some mortgage payments in the past, and I have been late on other bills .
It's okay. In most cases we will issue an approval, even if you have been up to 90 days late on your mortgage or if you have had a judgement against you in the past. Preferred Finance® can work with you to resolve these problems while we continue to process your application without interruption . By the time we are ready to close your score may have raised enough to get you the better financing terms you hoped for.  Then in six months your score will be even better and you can qualify for our no cost loans with a lower interest rate, saving you $50.000 or more over the life of your loan. Two loans for the cost of one!

How do I get started?  
   or email Preferred Finance® and talk to one of their specialists about Credit Restoration and a mortgage credit analysis, or Click Here to E-mail your request. credit repair, repair credit, consumer credit, fix credit, credit restoration, credit help, fix bad credit, repair bad credit, bad credit, Credit repair services, credit fix, credit ratings, credit report repair, credit problem, credit law, erase bad credit, fix my credit, fix your credit, credit lawyer, fix credit report, repair your credit, legal credit repair, credit recovery, bad credit recovery, bad credit loan, bad credit loans, bad credit card, bankruptcy, Build good credit, Bureau credit rating, Bureau credit score, Calculate credit score, Change my credit, Check bad credit, clear credit report, Consumer credit, consumer credit help, consumer credit repair, consumer credit repair service, consumer credit repair services, Correcting bad credit, Creating good credit, credit after bankruptcy, credit and check, credit and debt law, credit assistance, Credit attorney, Credit card bad credit, Credit check, credit collection law, Credit counsel, Credit counseling, Credit counseling services, credit fix