From: "Jeff Strickland" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: Poor credit mortgage broker...
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Date: Fri, 26 Jan 2007 19:24:45 GMT

Just call a couple of brokers in the Yellow Pages. They are exposed to the 
banks that lend to this sort of client.

I call two or three, and not tell any of them that you are talking to the 
others. They will pull your credit, but since youa re shopping for a loan, 
and the credit pulls are all within a couple of days (or hours), the credit 
pulls will not be harmful. (One of the things that affect credit is the 
denial of credit due to a credit pull. Mortgage credit pulls are looked at 
differently than consumer credit pulls, so you can have credit activity that 
does not indicate a denial, and therefore is not a hit to your score.)

When you talk to the broker's loan officer, (and they pull credit) they have 
to send you a disclosure of the rate and terms of the loan. Assuming you get 
the same offer from each, the disclosure that has the best APR is the loan 
that has the lowest cost.

Good luck.



"Shhhh" <123@456.com> wrote in message 
news:muWdnVeO5r7xpyfYnZ2dnUVZ_t-mnZ2d@comcast.com...
> Hello all,
>
> I'm looking for references or information how to go about finding mortgage 
> brokers that work with people in the 500-550 fico score range. I'm in 
> illinois if that helps.
>
>
> Thanks,
> Shhhh
>