Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Buying A Home After Foreclosure - Comparing Bad Credit Lenders




Source: Carrie Reeder - United States

After a foreclosure, you may be a little hesitant to apply for a new home loan. Moreover, several lenders will question your ability and willingness to repay the mortgage. Although there are many obstacles to getting approved for a mortgage loan after a foreclosure, homeownership is attainable. The key is choosing the right lender and picking the best finance package.

Which Lenders Offer Mortgages after Foreclosure?

Traditional mortgage lenders such as banks, mortgage companies, and credit unions rarely offer loans to those with a past foreclosure. However, some traditional lenders will offer sub prime loans to those with poor credit. Sub prime loans are intended especially for people with a low credit score. If your home was recently foreclosed, you likely have a negative credit rating. In this instance, a sub prime loan is helpful.

Although some traditional lenders offer sub prime loans, there selection is limited. Moreover, these lenders may require a down payment. If you are hoping to get approved with no money down, it may help to apply with a lender that specializes in bad credit mortgage loans.

Finding Sub Prime Mortgage Lenders

The easiest and most effective means of finding a good sub prime lender is through a mortgage broker. Brokers can be found locally or on the internet. Online mortgage brokers allow easy loan comparisons. Making comparisons are necessary for ensuring you get the lowest mortgage rate possible. If comparing quotes without a broker, you will have to contact each individual lender. This can be easily avoided by using a broker.

Benefits of a Mortgage Loan Quote

Neglecting to obtain several mortgage quotes may cost you thousands of dollars throughout the life of the loan. When requesting a mortgage quote after a foreclosure, you must provide the lender with accurate information in order to receive a precise quote.

Once the lender reviews your information, they will remit a rough quote. Loan quotes consists of estimated mortgage rate, loan terms, monthly payments, etc. Quotes are no-obligation. Thus, you have the right to refuse or accept a lender's offer. Lender comparisons can aid a person with choosing the right lender, and help bad credit applicants avoid deceitful lenders.

About the Author

Visit http://www.abcloanguide.com for a list of bad credit mortgage lenders. View our recommended lenders to help you buy a home after a foreclosure.




Next: Common Reasons People Go Into Foreclosure

Previous: What to Expect At a Foreclosure Auction



Add to Informational Site Network
Report
Privacy
ADD TO EBOOK








Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> Re: Haldimand Results Please by Pfm1011
>> Re: chatham-kent by Jack
>> chatham-kent by RyanMckenzie
>> Re: Haldimand Results Please by matt
>> Re: Haldimand Results Please by Pfm1011
>> Re: Re: Haldimand Results Please by Pfm1011
>> Re: Haldimand Results Please by Pfm1011
>> Haldimand Results Please by Pfm1011
>> Re: I wish I could buy properties like this at tax sale by Dave2
>> Re: I wish I could buy properties like this at tax sale by Jack
>> I wish I could buy properties like this at tax sale by Dave2
>> Re: how do tax sales work in nb canada by rob
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> how do tax sales work in nb canada by rachel
>> Re: Tiny, possible contaminated soil lot across landfill by Pfm1011
>> Sheriff's Sale of Lands - July 13 by rob
>> Tiny, possible contaminated soil lot across landfill by bee
>> Re: Feeder Rd aka Pietz Rd Welland results please by Pfm1011
>> Re: Be Careful what you buy by Frank
>> Re: Re: Be Careful what you buy by Dave2
>> Re: Be Careful what you buy by Frank
>> Re: Be Careful what you buy by Jack
>> Be Careful what you buy by Dave2
>> Re: Feeder Rd aka Pietz Rd Welland results please by Jack

Visit the tax sale properties discussion boards


Articles

>> Vancouver Tax Sale Property by City of Vancouver
>> Buying A Foreclosed Home Or Property - A Wise Decision? by Wain Roy
>> What You Need To Know About Real Estate Foreclosures by Michael Contaro
>> Investing In Tax Foreclosed Properties by James Ficarro
>> Canada Property Tax by Wikipedia
>> Colorado Real Estate Foreclosures by Jason Murphy
>> How TO Buy A Foreclosed Home by Gregg Hall
>> Free Foreclosure Listings - Can You Find Good Foreclosed Homes On Free Lists? by Carrie Reeder
>> Is Tax Lien Investing For You? by Joanne Musa
>> The Basics Of Foreclosure by Dr. William Noel

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy