Spellings Real Estate – Bev Spellings (Lisc #00227596) & Brooks Spellings (Lisc #326311)

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Bad Credit Mortgage Rates-Own A Home Again

Credit is a huge part of our culture, both in acquiring it and keeping it.  But often, there are circumstances beyond our control that cause our credit to suffer, and in some cases, even result in something as severe as losing our homes.  But there are bad credit mortgage rates available for these people that will allow them to one day own a home again.

The concept isnít new, but in recent years has drawn some criticism due to the dealings of some less than scrupulous lenders.  However, when pursued with the right intentions, this can be a great building block for individuals looking to get back into home ownership.

It is still critical that individuals do their homework before they start working with one of these lenders.  As always, anytime you are involved with something that will impact your credit in such an extreme manner, it is essential that the proper due diligence is exercised.  Even though you might think that your rating cannot possibly sustain any further damage, there are still ways that you can be coerced into a bad deal, or even lose money.

The right lenders are great at offering programs that are specifically designed to help individuals rebuild their rating and qualify for a home.  It is true that the rates are not quite as attractive as normal rates, but in the end, it does result in home ownership, and that is, after all, the end result to be achieved.

With these programs come certain guidelines that have to be followed exactly as they are dictated in order to benefit from the program.  Trying to alter the rules will only result in damaging what you are trying to accomplish.  By following the program, it can be possible for people who have experienced bad credit, bankruptcy, and even foreclosure to step back into home ownership.

The time limit for this to take place will take some time and also some work on your part, but it will be well worth it.  Not having to rent and being able to reap the benefits of owning a home again, as well as taking advantage of the tax benefits, is very appealing.  The lender that you end up working with will determine the length of time that it takes.

When you first hear bad credit mortgage rates it might not sound like good news, but working your way out of a bad situation and into your own home again is always good news.

By: Beverly & Brooks Spellings

Beverly Spellings Beverly’s parents lived in the same home for more than 50 years. When she began the search for her first home she not only found a place to call home, but a life-time career and passion. Beverly expects to sell around 1,000 homes by the time she passes her business on to her daughter and business partner Brooks. She would be honored to get the chance to make one of those your home. • Bachelor of Science, University of Tennessee • Joined Greater Nashville Association of Realtors, 1995 • Elected to GNAR Board of Directors in 2013 • Licensed Broker • Active in Tennessee Association of Realtors, National Association of Realtors, and Greater • Nashville Association of Realtors • Leadership GNAR 2002 • Greater Nashville Association of Realtors Awards of Excellence, 2001, 2002, 2003, 2004 • Awards of Excellence, Life Membership, Greater Nashville Association of Realtors, 2005 - 2007, 2012, 2014 & 2015 • Chaplain, Greater Nashville Association of Realtors, 2004 • Active member Christ Presbyterian Church, loyal fan of University of Tennessee, and enjoying her best role as Grandmother to Martha Ainsley and John Calvin • Involved in relocating many clients to Middle Tennessee area • Works closely with President/Managing Broker of Worth Properties who has extensive relocation experience Brooks Spellings Brooks is a native Nashvillian who has recently moved back after 7 years in New York. Her love of Nashville brought her back and quickly led to a new career at Worth Properties. Brooks looks forward to building Spellings Real Estate with her mother, Beverly, who has over 30 years’ experience in the industry - over 15 years in the Middle Tennessee area. Brooks' Background: • Bachelor of Science, Bachelor of Arts - University of Tennessee, Knoxville • 2005-2011 New York City - sales and marketing professional at national publications Cooking Light and Better Homes and Gardens • Avid traveler - over 20 countries lived in or visited • Nashville Association of Realtors, Tennessee Association of Realtors, and National Association of Realtors - 2013 • Affiliate Broker Brooks' is an enthusiastic East Nashville resident active in East-side events, resulting in friendships in the neighborhood and with owners and/or employees at local businesses including: • Historic East Nashville Merchants Association • Edley's BBQ on Main Street • Rumours East on Woodland Street • Fat Bottom Brewing Company on Main Street • Jackalope Brewing Company on 8th Avenue • Margot Café on Woodland Street • Bayberry Moon Productions on Woodland Street • Catholic Charities on 6th Street

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