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You can, but I don't know if you want to. The days of subprime lending are over so the only people who are willing to lend you money if you have bad credit are hard money lenders---and they often have unfavorable rates.
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∙ 12y ago
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How can one buy a house with bad credit?
If one has bad credit then one can only buy a house if one can convince the mortgage lender that one is able to pay for it. This might need proof that one is paying off any debt and clearing the bad credit record efficiently.
How can I buy a house with bad credit?
The best way to buy a house with bad credit is to pay off any collections listed on your credit. Make sure you make all payments regularly for an extended period of time. Try to get prequalified before looking.
Is there a mortgages for poor credit rating?
Yes, mortgages are always there when you buy a house, despite your bad credit, you may not even be offered to buy a house. So you should try to fix it.
Does credit score really matter anymore?
Yes, it does matter. Bad credit means you can't buy a house or car and get a loan.
How much do you save to buy a house?
It will depend on how good your credit is and what you want your payments to be. If the price of a house is $100,000 and your credit is good and your fico score(this is your credit score) is 660 or higher You will need to put down 5%-10 % or $5,000 - $10,000 plus closeings cost of another 4% or $4,000.00 so if your credit is good you will need to save 9% -15% of the cost of the house you want to buy. Now if you have bad credit, you should clean up your credit before you buy. With bad credit your intrest rate will be high and your house payment will be high.
What are some tips for a person who is wishing to buy a car with bad credit?
As long as you have cash or a trade in or house bad credit will be diminished. Alternatively you could have a friend or relative help you with their credit if you can come to an agreement.
How might one still buy a house with bad credit?
By taking time to pay your debts and improve your credit rating you can make yourself eligible for a good credit rating resulting in mortgage approval. Paying your debts in full will prove you are serious when applying to buy a house
Does it effect your credit score when you get married to someone with bad credit?
No, you can get bad credit only if you have a joint (co-signed or authorized user) on the bad person credit card. Keep your accounts separate. If you want to buy a house a lender may require both credits and that is when it would affect you.
Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
Does your bad credit affect your husband if he has good credit?
Actually I think that the only way it can hurt him in any ways is if you are trying to fial joint to like buy a car or a house or such.
Can you buy a iPhone with bad credit?
Yes, You CanAnswerBad credit would only affect you if you planned to buy the handset on credit terms.
How can you buy a house with no credit?
Pay cash.
