For about a year now, hubby and I were just renting a house. It’s not like we don’t have any options at all. Some of our friends gave us some advice to get a housing loan. We haven’t taught about it yet since we are a bit busy dealing with our everyday life. And we tend to forget our future.

As I weigh things tough, our friends got a point. We could use our rent to pay for the amortization instead. In the long-run we are not just paying for nothing, we will own the house after some period. It’s actually a good idea. The problem is that we are doubtful if there will be a Mortgage Lending company willing to give us the loan we need.

Reality check, we don’t have a good credit standing. For sure it will hurt us a lot especially on the interest rate we are going to pay. We could be doomed if we will not evaluate things properly. However, as I scour the net, I’ve learned that we should first repair our credit. Doing so will help us save hundreds of dollars from the monthly interest.

I noticed that there are lots of mortgage lending company in the US that offers credit repair for no monthly fee. Also, they give expert advice on resolving outstanding credit issues. Plus, most of them give instant quotation. I bet this is already a good deal. Of course since there are a number of lending companies, it would be better to take the necessary precautions. You might end up paying a lot instead of saving. It pays to compare the rate as well as the term they offer.

As for us, we still need to do what needs to be done. We have to fix our credit scores so will be able to get back on track. From then on we can make further actions.