Are you wondering if you can get a mortgage with your current Credit Score? I am sure everyone is sick of hearing about the current credit crunch. It is a never ending cycle in the lending industry. The banks loosing up and everything starts to foreclose. The banks tighten up and less people are buying homes because they don’t have the credit to buy with all the new restrictions. Either way the “American Dream” of home ownership is always on our minds. It’s that one common thread of personal accomplishment that all Americans strive to achieve. I know that most people want a piece of the American pie.I am going to discuss the current plain old vanilla loans that are available to you, and what it will take to get into one of these loans.FHA loansFHA loans have been around since the mid 1930’s, and is the biggest insurer of loans in the world. (FHA), Federal Housing Authority is a government insured loan that is more attractive to bankers because there is less risk. Basically this type of loan is the strongest loan in the current market. The reason for this is the guidelines to get this type of loan […]

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