If you're going to be in your home for a relatively short period, it may not be worth it to you to pay discount points. If you would like to lower your monthly payments by lowering your interest rate, then paying points up front may be the best way to accomplish this. If you have less than perfect credit, Westminster Mortgage has programs to meet your needs. Late payments should by no means automatically disqualify you from getting a mortgage. We understand that almost everyone has forgotten to pay a bill on time, or has had trouble making a payment.
Many people find themselves in difficult financial situations.
These often result from illness, divorce, or temporary unemployment. If you can demonstrate that a problem is in the past, and you have been able to reestablish a good track record for a sufficient amount of time, you may be in a good position to get a mortgage loan. There may be a reasonable explanation, so speak to us honestly and openly about the situation. It's important to remember that lenders don't just look at your past history, but also at your ability and willingness to pay in the future. All rights reserved.