Okay, so you've heard the dreaded ?B? word or maybe you're living it now? Chances are you have heard all of the talk about bankruptcy and finance, and you probably believe that if you are or have been bankrupted, you have no hope on earth of getting a mortgage, let alone any finance at all. You can be forgiven for believing this, because many mortgage brokers will run the other way if you approach them saying, ?Help me get a loan, I am/have been bankrupt!? The good news is that if you have been bankrupted ? even if you are currently bankrupt right now ? you can get a home loan!

I can get a Home Loan? Yeah Right!!

It's absolutely true, and this article shows you how. Actually, I?ll give you a short summary as to the current situation right now in Australia regarding mortgage brokers and our major lenders. Mortgage broking is a cut throat business. It's competitive and there are fees and commissions to be made to those that secure the deal. That's why you'll see mortgage guys and girls driving all over the city ? even the country ? meeting with prospective home buyers to make the sale! It can be quick and easy money, but only if the home loan applicant has a clean bill of credit health. If you don't fit this description, you're simply 'too hard' to deal with. That's right ? it all comes down to you being too difficult to secure finance for. Most mortgage brokers are in for the quick sale and there are plenty to be had, so that's why they don't help people with bad credit. Don't take it personally! As for lenders, it's pretty much the same. Conforming lenders like the big banks only really want to deal with the easy clients who pose little risk.

Now for the really great news! You can get a home loan ? even if you are an undischarged bankrupt ? if you work with a reputable bad credit mortgage expert. Specialists in this field deal with so many bad credit clients each day, and they get their clients mortgages each day! This is because reputable specialists in bad credit finance know who to talk to and which lenders want to help these guys.

In short, we can help you if you are mortgage ready or not quite ready. Here's how:

? If you're mortgage ready: First of all a decent bad credit mortgage expert will chat with you to determine your financial position. They will ask you the questions they need to ask to discover if your 'financial house' is in order. In other words, they want to find out if you have enough control of your finances to be mortgage ready. If you are, the specialist will start talking to the lenders who can help you, and they negotiate the best mortgage (with a reasonable rate that won't kill you) for your specific situation. You could be in your own home within 90 days if you are mortgage ready right now!

? If you're not quite ready: If you're not quite ready because you're house isn't in financial order, it's okay! Remember, it's not your fault and you don't need to feel embarrassed! Just because you're not financially ready right now to get a mortgage, you can be ready sooner than you think. A good specialist in bad credit finance will get to know your financial situation and tailor a plan specific to your needs, so they can work with you to clear whatever debts need to be cleared, to make you mortgage ready. Sure, you're probably thinking, ?Strict saving' and ?Boring lifestyle complete with sacrifice' and that might be true for a time. The key words here are 'for a time?. The objective is to get you mortgage ready and into your own home and it can be done!

Use this Great News to Your Advantage!

After reading this article, you now have permission ? in writing ? to ignore all of those negative messages about bad credit and mortgages that the media and typical mortgage brokers and lenders are so good at pumping out. You know that with bad credit it is possible to get a home loan and with a reputable bad credit mortgage expert on your side, you can get into your own home and follow a plan that will secure your financial future.

www.bad-credit-loan-expert.com

© Julian Thornton, Little Hinge Publishing, 2006.

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