All too often, people with bad credit may not even try to get that first time mortgage. They have probably heard so-called financial experts talk about ways to improve their credit reports. They have probably also heard how waiting a few years to get a mortgage will mean lower interest rates and better payments. Well, this information is not always the case.
First, lenders who are willing to work with those who have bad credit have proliferated in the past 10 years. Downs Financial is one of these companies. About 80 percent of our customers actually have bad credit. Regardless of their less than perfect credit, we were able to find mortgage options that fit into their budgets. In fact, by making their mortgage payments on-time each month, they were working to improve their credit reports while having their very own homes.
In addition, the idea that bad credit means the worst mortgage rates can also be misleading. While it is certainly true that people with bad credit usually pay slightly higher interest rates, some companies can get more competitive rates for those with bad credit. Again, Downs Financial is one of those companies. We are a direct lender of mortgage loans. Because we loan our own money, we have some of the best interest rates available for all credit types.
Isn't it time that you stopped listening to everyone else and owned the home you deserve? Call Downs Financial today and let us explain how we can help get you that first time mortgage. It may be the best thing you ever do for yourself and your credit.