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Poor Credit center
At Franklin First, we understand that not everyone has perfect credit. Life’s unexpected challenges can leave anyone with a record of bad credit. What is important is that bad credit does not have to stand in the way of your home ownership.
Whether you are looking to refinance your current mortgage, take out a home equity loan, or purchase a new home, Franklin First offers many flexible options. We will not only give you the funds you need, but will also help you re-establish your credit. You’ll be on your way to a more financially secure future in no time.
Our flexible sub-prime (less then perfect credit) mortgage programs have helped many of people secure a manageable loan, including individuals with a past history of:
- Collections
- Foreclosure
- Bankruptcy
- Car Repossession
- Charge-offs
- Tax liens
When obtaining a mortgage and figuring out what type of mortgage programs you may qualify for is to first look at your FICO score.
Define Fico score?
FICO scores, assess the credit risk of an applicant. It is a compilation of your mortgage and credit card histories, outstanding debt, types of credit used, bankruptcies, collection accounts, late payments and judgments. It is a numerical calculation that helps lenders determine if you are a “good risk.” Credit scores generally fall between 300 and 900. The higher the score gives you lower risk, better interest rate, and lower payments.
Click here to get your free credit report credit bureaus Equifax, Experian, and Trans Union.
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