Buy a New Home With Bad Credit With Help From Use My Credit

Bad Credit Home Buying & Stop Foreclosure Programs From Use My Credit





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Bad credit does not matter when you can “Use MY Credit” to buy a home!”

Bad credit may look like a brick wall between you and buying a new home, but poor credit alone need not stop you from becoming a homeowner. Imagine for a minute that you did not have bad credit. Could you buy a house now? Would you have money for closing costs? Would you be able to make the house mortgage payments each and every month without fail? If you answered yes to these last two questions Use My Credit can help you buy a new home now; if you have money for a new house down payment even better. Use My Credit will link you with an investor who will use their good credit to buy the new home for you. You select the house; they secure the mortgage financing to buy the new home. Existing homes, newly constructed homes and even builder “spec” houses may all be eligible for you to purchase. Basically it goes like this: you apply to Use My Credit, you can get things started with out short online pre-qualification form. If things look good at the after the initial form you will complete the full application process. If approved you will be matched with an Independent Private Financer (IPF). You pick your new home. The IPF buys the home using their credit and then sells the home to you. If you have already found your new house that’s fine too. For more information you may read the FAQ or contact us. Use My Credit looks forward to helping you buy a new home now, even with bad credit. You may feel that you would like to exhuast standard financing options first (click here to have your home loan request matched with mortgage broker programs right now), you may want to explore the chances we can offer a better rate for your new home purchase, you may find no bank or mortgage broker has a program for you and our system remains the only path to home ownership at this time. These are all acceptable options.

THE UMC / IPF PROCESS:

STEP 1:
Fill out our Quick Qualifying Questionnaire. There is no initial obligation. All your information is kept secure and strictly confidential and will not be sold or distributed without your written authorization.

STEP 2:
Once your initial inquiry form is reviewed and approved, an agent will contact you by phone to complete the application process.

STEP 3:
UMC Mgmt, Inc. presents all your information to the IPF(s). The interest rate and the amount the IPF(s) add to the mortgage are a direct result of your credit and your house selection. The IPF(s) bids for your business. This assures that UMC Mgmt, Inc. and you get the lowest rate and fees possible from the pool of IPFs.

STEP 4:
UMC Mgmt, Inc. will submit in writing, for your approval, the IPF's Acceptance and Commitment agreement. If you accept the IPF's offer, THEN and ONLY THEN do you sign the Acceptance agreement. You will then follow the instructions for returning the agreement to UMC Mgmt, Inc. The agreement is activated when the IPF receives the notarized original.

STEP 5:
Locate a home for your family. The IPF, not you, will prepare and submit a purchase agreement to the seller. If a realtor is involved, have him/her call us so we can explain the process. Be prepared to deposit earnest money when the seller accepts your offer that the IPF submitted . Once the IPF’s lender issues a good faith estimate(GFE) to the IPF, UMC Mgmt, Inc. will issue you a good faith estimate. If you accept and sign the GFE the IPF will present their portfolio to the lender.

STEP 6:
The IPF will endeavor to secure financing for the home of your choice. If and when financing is secured, there will be a simultaneous closing. The IPF with the lender, and you with the IPF. In other words, the IPF buy the home, then they immediately turn around and sell the home to you.

STEP 7:
You receive the keys to your new home. You will be contractually required to videotape or take photographs (24 minimum) before move in, of the entire home and grounds. A copy must be supplied, free of charge, to UMC Mgmt, Inc.