Much like personal loans, recent times have seen home loans becoming harder to get. In many cases people are going to “non-conforming” lenders due to their bad credit rating. These non-conforming lenders charge you a high interest rate because they believe you are more of a risk. In many cases you are being judged as a “bad risk” due to an unfair credit report.

The problem is that this can be costing you thousands of dollars. Take the follow for example.

Home loan with a bad credit rating may look like this:

Home loan with an interest rate only 3% lower (possible with credit repair):

You can see by the above example that on only a $300,000 home loan you can be paying an extra $200,000 in interest due to a bad credit rating, over the life of the loan.

Click here to find out more about credit repaired home loans.