Can I Still Use a Mortgage Broker If I Have Bad Credit?
Yes, a mortgage broker can be helpful if you have bad credit because brokers who work with many different lenders will have experience with a wide variety of loans.
Tellus TIP:
Inform your mortgage broker of your credit score at the beginning of the process to avoid wasting time on loans for which you may not qualify. A mortgage broker should be able to present to you multiple options even if you do have bad credit.
- What Are My Options for Lenders?
- When Should I Use a Direct Lender?
- What Are Some Reasons to Use a Mortgage Broker Instead of a Direct Lender?
- Can I Use Both a Mortgage Broker and a Direct Lender?
- What Are the Differences Between Mortgage Brokers and Loan Officers?
- How Do I Choose the Best Lender for My Mortgage?
- Who Are the Best Mortgage Lenders for First-Time Buyers?
- How Many Mortgage Lenders Should I Talk To?
- Should I Get a Mortgage from a Bank or a Non-Bank Lender?
- How Do I Decide Which Mortgage Broker to Use?
- What Is an FHA Approved Broker?
- What Is a Direct Lender?