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7 Critical Steps to Take if You Want to Buy a House with Bad Credit
#1 Increase Your Score Quickly
Banks Don't Want You to Know This About Their Credit Score Requirements
The Easiest Way to Increase Your Credit Score Quickly
If You Don't Have Any Credit Cards, You're Missing Out on 100 Points
#2 Get Your Money Right and Find Out How Much This is Really Going to Cost You
Down Payment - If Buying from Someone You're Not Related To
Down Payment - When You're Purchasing from a Relative
Down Payment - How to Get Someone Else to Pay for It
Closing Costs - What are They?
Closing Costs - How to Get Someone Else to Pay for It
When Your Money is Not "Acceptable" to the Lender
When Your Money IS "Acceptable" to the Lender
#3 How to Get Your Lender to Pay Attention to Your Pre-Approval Application Before Any Other Applications
The Cold Hard Truth About How Lenders Treat Mortgage Applications
What Documents You're Going to Need
List of Contact Information You Will Need
Be Ready to Answer These Questions After You Turn Your Application In
Resolve All Disputes Before Applying for a Mortgage
Let's Talk About Collections, Medical Collections & Charge-offs
Take Care of Your Government Backed Student Loans
#4 If Your Pre-Approval Gets Denied Do These Things
Am I Doomed to Keep Renting for the Rest of My Life if My Application is Denied?
Adding a Co-Applicant or a Co-Borrower
Payoff Debts at the Closing
Prove You are Not an Owner of a Debt
Show Reserves to Strengthen Your Financial Profile
Increase Your Down Payment
#5 Have Someone Purchase the House for You and Create a Land Contract or Ask the Seller for a Land Contract
What is a Land Contract?
The Risks of a Land Contract
The Advantages of a Land Contract
What You Need to Do
Get Ready for Your Refinance
If Someone Buys the House for You Communicate These Things to Them
#6 As a Last Resort Look into Hard Money
What is Hard Money
#7 Bankruptcy Might Be Advantageous to You
Don't Let the Word Bankruptcy Freak You Out
Bonus: Business Owners & 1099 Independent Contractors
Why Business Owners and 1099 Independent Contractors Have a Hard Time Getting Approved Through Traditional Lending and What to Do About It
Why Business Owners and 1099 Independent Contractors Have a Hard Time Getting Approved Through Traditional Lending and What to Do About It
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