Be Prepared to Explain Your Past Credit History

Be Prepared to Explain Your Past Credit History!

Everything should have a reason
why it happened and how it
will never happen again.


Be Ready to Explain Your Past!

When you are obtaining a mortgage, especially if you are a First Time Home Buyer, you will want to be prepared to explain your past credit history.

This is assuming you had some problems in the past.

You will be asked to provide a Letter Of Explanation for any past derogatory credit that you may have had.

The following items will have to be explained:

  • Collections
  • Charge-offs
  • Late Pays
  • Credit inquires
  • Liens
  • Judgments
  • Bankruptcy
  • Short Sale
  • Foreclosure
Your Credit Letter of Explanation

We will assist you in the drafting your letter of explanation if need be but they must be your words.

To help you prepare for any questions that the lender may have you should Know Your Credit Health.

Call us today for a free consultation at 239-437-4278.

Check out the rest our Florida Mortgage University tips for Home Buyers!
 

Know Your Credit Health

Use Our FREE Florida Mortgage Calculator

Have Your Required Mortgage Documents Ready

Be Honest and Upfront With Your Loan Officer

Get in the Game and Get Pre-Approved

Know What You Want

Do I Have to Pay Closing Costs?

Work with a Great Realtor

Don't Forget the Extras

If You Find a Great Deal, Make an Offer

Shop For Homeowners Insurance

Use our FREE Florida Purchase Assistant to start the pre-approval process today!

Search 1,000's of Florida homes for FREE using our Florida Home Search Engine!



Apply Now

Return to Loan Options

 
 

Quick Quote

Quick Quote Image
 
No errors
 
 
No errors
 
 
$
No errors
 
$
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
 
Florida_Mortgage_Rate_Lock.jpeg

Trusted. Experienced. Secure.

 
 

Home SearchView Featured HomesDream Home RequestHome Value Wizard

 
Florida_Weather_Update.jpeg
 
Florida_Mortgage_Newsletter.jpeg