When you contact Burk Carpenter Financial to request a refinance or purchase loan, we will take the initial step to prequalify you for the mortgage you are interested in. During this process, we will review your assets, credit scores, income and expenses. In many cases, we are able to prequalify our valued clients for the mortgage terms they are interested in. In other cases, we may recommend a credit counseling service to our clients.
The fact is that life can be challenging at times. When you are faced with a job loss, the loss of a loved one or other unfortunate circumstances, you may not have any other option but to turn to your credit cards or to take out loans. In some cases, it can be difficult to pay these balances off on your own, and they can impact your credit rating as well as your ability to qualify for the best loan terms possible on your mortgage request. Credit counseling service is recommended to our clients when we believe that the services can benefit you.
In many instances, we are able to prequalify our borrowers for a home mortgage even with a credit blemish or a slightly dinged credit rating. After all, many people will overlook the payment of a bill from time to time or may have a dispute with a vendor that results in a collection account. Life is not perfect, and we have loan programs that are suitable for most situations. When your credit rating is lower, however, we may request that you make a larger down payment, or you may only qualify for a higher interest rate. In some cases, taking some time to repair your credit rating with the help of a credit counseling service can help you to qualify for better loan terms. More than that, it may also help you to get on a track to achieve better financial security. Financial stresses can keep you up at night, and credit counseling service may provide you with the insight, guidance and support you need to overcome the challenges you face.
Whether you decide to work with a credit counseling service for a short period of time to improve your credit rating or you are ready to move forward with your loan application today, we are available to assist you . We are the mortgage team that is committed to helping you achieve the best mortgage for your needs. While we are just as eager to help you with your mortgage needs today as you are to obtain your mortgage, it sometimes is in a client’s best interest to use a credit counseling service before following through on plans to apply for the mortgage. When you contact us today to discuss your goals, we can help you to determine what your options are so that you can move forward with confidence.