Month: August 2019

At Bank of England Mortgage, our Qualification Support Department specializes in helping Borrower’s figure out what steps to take to make small improvements in their credit scores.

Our specialists can review the raw data of a borrower’s credit file and determine what impact certain payment will have upon a borrower’s credit score. They can also make suggestions of the impact of timing on a borrower’s credit worthiness.

In cases where borrower’s may need additional work, we can recommend a third party credit repair company that has helped many of our clients.

Call us today at (215) 493-3751 and find out how we can turn a no into a YES!

Many borrower’s need a little additional help to qualify for their mortgage. It is not unusual for a co-signor or co-mortgagor to be enlisted to help the borrower qualify.

In either case, the additional borrower is agreeing that if the borrower has difficulty making payments, they will help. A co-signor, is only signing onto the debt and not taking an ownership interest in the property. A co-mortgagor is signing onto the debt as well as the ownership interest in the property.

Different situations require different solutions so, if you’re thinking about buying a home with a co-signor or co-mortgagor, give us a call. We’re here to help explain the different options so that you can make an informed decision regarding what’s best for you.

If you’re interested in owning a home this year, give us a call at (215) 493-3752.