70% of the home searches begin with the internet. If you're looking to buy a Denver Home with bad credit here are some steps to help you get a loan:

The subject of credit scoring has become an increasingly hot topic, especially today with the mortgage implosion/meltdown. For many years, people equated credit score with buying a car and a home. Most people didn't know their scores, they only knew, great, good or bad. However, with the mortgage implosion/meltdown, credit and the liquidity of loans has brought credit and credit scores into the mainstream media. Financial pundits such as Suze Orman have preached the importance of credit.

So if you're looking to buy a Denver Home with bad credit what should you do?

The first step is to get a credit report NOW.

The Fair and Accurate Credit Transactions Act of 2003 (sometimes referred to as The FACT ACT or FACTA) was signed by President George W. Bush on December 4, 2003. This act provides each American the ability to obtain one free credit report every 12 months from the three bureaus that report credit

• Equifax
• Experian
• TransUnion

A central web site, www.annualcreditreport.com was created by these three bureaus to allow people who wish to obtain copies of their credit report.

The second step is to work on cleaning up your credit. If you have bad credit there are many things you can do to increase your credit score such as paying down debt, paying off collections, or charge offs. You will need to be diligent as these companies may or may not work with you to improve your credit.

The third step is to speak with a mortgage professional with access to many wholesale lenders to review your income, assets, and credit. Not all mortgage professionals have access to many wholesale lenders such as large banks and small mortgage shops. As many of these lenders are shutting their doors, there are several who are still open for business.