If you've been turned down for a loan, it's easy to feel that you have no choices and must take the first loan offered. There are many lenders offering home loans to people who don't qualify for conventional loans. Never let yourself be pressured into a loan that you're not comfortable with. Take your time, explore your options and be sure that the loan and the lender are right for you. Know your lender .
Most consumers feel more comfortable with an established lender that has a proven track record.
Find out whether the lenders you are considering are national and have strong mortgage experience and expertise. Check with the Better Business Bureau in the city in which each lender is located for any complaints. Ask for references from recent borrowers, and follow up by speaking with these individuals about their experiences. Know what you want and need from your loan . There are many types of loans, and a good lender will work with you to identify what's most important to you.