Mortgage or Home Loans

To locate lenders who specialize in accredited home loans, borrowers can search the Internet or local telephone directories under "Mortgage or Home Loans." Online websites will feature electronic applications to pre-qualify borrowers and gather enough information to give loan officers an accurate picture of the borrower's financial situation. Online and local lenders can check consumer credit reports from any or all of the three reporting agencies located in the United States. Applicants who are at least 18 years of age with debt-to-income ratios of fifty percent and a steady employment record will need to furnish earnings statements, income tax returns, proof of citizenship, and bank statements. Web-based applications will likely be processed within twenty-four hours and applicants approved via email or telephone. In some circumstances, lenders of accredited home loans will make allowances for borrowers with less-than-perfect credit but with stable income. Most online lenders will have a "Frequently Asked Questions" sections to help guide applicants through the process and give them an idea about how accredited home loans work. Sometimes, all it takes is a second chance lender to finance the dream of a lifetime.