From: "Ernesto" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: Poor credit mortgage broker...
Date: Fri, 2 Mar 2007 01:09:47 -0800


"Jeff Strickland"  wrote in message
news:1Asuh.9$lk3.0@trnddc04...
> 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.)

www.myfico.com says that if you shop around for car loans or mortgages
within 14 days, you should be ok.

>
> 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
> >
>