Refinance 

Glossary

Montrose, CO Office

Moab, UT Office

Will my less than perfect credit history prevent me form obtaining a mortgage?  There are options for those consumers that have experienced difficulty in obtaining credit approval due to unforeseen credit problems in the past.  because you've experienced financial hardship in the past, don't give up.  You do not need perfect credit to be approved for a mortgage.  If you have had a number of late payments, you may need to provide a letter explaining why those payments were late. It is useful to check your credit standing with a lender several months before you formally apply for a home loan. This gives you the opportunity to solve problems or correct errors on your credit report that are detected during the processing of your loan without delaying the closing.  

Whether you've experienced bankruptcy, foreclosures, collections, judgments or other credit challenges, you may qualify for a loan. 

What are my options if I'm self employed?  Self-employed borrowers often find that traditional mortgage rules make the mortgage process costly and time consuming.  But there are options for the self-employed borrower.  No Income Verification   Mortgages and No Ratio Loans are just two of the programs offered to self-employed borrowers with established credit histories.  The self-employed borrower can qualify for a loan base on their past payment history.  These loans do not require income verification and the associated cost of providing audited profit and loss statements.

There are many other Alternate Documentation Mortgages,  which offer less traditional documentation requirements.  Their reduced employment and income verifications options offers borrowers with less traditional or hard to explain income sources an alternative to the rules of conforming loans.