When you apply for a California bad credit mortgage loan,
you may be required to meet increased prepayment penalties and have to pay higher interest rates. In addition, long-term, fixed loans are more difficult to obtain when you apply for a bad credit mortgage loan in California. Nevertheless, given these increased restrictions in the state, a bad credit history won't keep you from buying a home and enjoying California's low interest rate bad credit mortgages.
Before you shop for a California bad credit loan, you should study your credit report to know your specific credit problems. Interest rates on California's bad credit mortgages are influenced mostly on the time between credit problems and mortgage application, and they will vary based on your credit standings and FICO score. In the event you have bad credit, it is wise to take extra time and care when making your mortgage choices At Ocean Pacific Capital, with our extensive experience over 30 years, we will do our best to help you make your mortgage decision. Ensure you have adopted corrective measures to rebuild your damaged credit. Before applying, be prepared to make a sizable down payment. Larger down payments help California bad credit home loan people obtain lower interest rates and it increases the chance for quick approval.
Simply call us today toll-free at 1-800-595-1474 or use our online loan application.