Select mortgage loans to your advantage

People with a bad credit history often find it difficult to get a mortgage loan with favorable interest rates. The normal scenario is that people with a bad credit report are offered mortgage loans with higher interest rates. But the scenario is also a competitive one in which several competitive financial institutions are competing against each other with the customers reaping the benefits of this competition!

Your credit score would decide your eligibility to get a loan. A score of 300 would portray your poor credit history while a maximum of 850 would suggest a very good credit report. But as mentioned earlier even people with an adverse credit history can get a mortgage loan with affordable rates of interest. Those who need to consolidate their debts can opt for mortgage refinancing and so in this case, the equity in their homes would determine the amount of the mortgage loan. At Advantage Home Rates, you can compare the various options available in the mortgage market. Compare your financial state too and your expenses to determine which scheme would work best for you. Advantage Home Rates is there to provide you with offers from the leading banks and financial institutions.