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Truth About Getting Approval For a Home Loan With Bad Credit
Everything has changed when it comes to mortgage and loans approvals in the past couple of years. It’s challenging for people with poor credit ratings to get approval for a home loan if they have failed to do something to better their credit ratings and situation.
Lenders in previous years allow everyone to submit an application regardless of their credit scores and credit situation. Today most consumers with poor or bad credit ratings may be required to work on their credit first before they proceed and apply for the loan. We talked with Alain Enriquez, the general manager of High Rise Credit, and he explained more about this trend. “Lenders today are really looking in details at the borrowers credit rating and paying habits for their decision making and security. Credit to me is like trust; once you make a mistake it will take time to gain that trust back. Nowadays a bad credit score, when it comes to mortgage is considered below 620-640. The optimal credit score is for great rates and easier approval are from 720- 740”
High Rise Credit is here to help consumers with low credit ratings and facilitate credit education and credit restoration programs to achieve results in a short amount of time. We understand the effect of having poor credit scores, the management of credit profiles and we are determined to give consumers a real and honest solution for this kind of credit problems.
To get more information about High Rise Credit, please visit http://www.highrisecredit.com/
For inquiries, please call at 1-888-259-5099 or send an email at firstname.lastname@example.org