ANSWER: We are finding many borrowers that have rearranged their priorities as well as their spending habits. Many have learned valuable lessons from their bad experiences and have come through their "healing time." They are now ready for home ownership.

It is important to note that there is a big difference between a person who had a bad credit experience in his or her life and a person who is a bad credit risk.

The three main questions in the mind of your lender will be:

1. What happened? What was the cause of your particular problem?
2. What did you do about it? Did you give every effort to try to work things out?
3. Why will it never happen again? Are you back on your feet? Did you make the right changes? The more difficult credit problems, such as bankruptcy and foreclosure, the more important the explanation and the more healing time that would be necessary. We have all had some pretty tough times at one point or another. Do not be afraid or embarrassed about trying to start again. Everyone deserves a second chance!