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Do I still have tge ability to get a home loan with bad credit?
Wiki User
∙ 10y ago
No. You will need to sort out your bad credit rating by demonstrating your ability to manage your finances before a home loan is at all likely. The recent property credit crunch has made lenders much more cautious.
Wiki User
∙ 10y ago
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What should my credit score be to get a home loan?
The higher the credit score you have, the better chance of being approved for a home loan. You may still get a home loan on a lower score, but the payments and interest will be higher.
How can someone get a home equity loan if they have bad credit?
A person with bad credit can still apply and get a home loan by using the equity in their home as collateral. The more equity in the home the better the chances of being approved for the loan.
How would I be able to obtain a home loan if my credit is bad?
You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
Does home foreclosure effect ability to get student loan?
In the US, no your eligibility for student loans is not dependant on credit or income.
Where can I find a bad credit home loan?
You can find a bad credit home loan at homecredit.com
Can you get a home depot project loan with a credit score of 620?
It is possible to get a Home Depot project loan with a credit score of 620. Home Depot will pull a credit report to determine eligibility of a credit loan.
How can your partner and you get a home loan if we both have bad credit?
You will still be able to get a loan even with bad credit. You will probably have to pay more than someone who has good credit, but you should still be able to obtain a loan. The process is a little more intense and might take a little longer, but it should still be possible.
How can I get a home loan with bad credit?
While it is still possible to get a loan with bad credit, in this troubled economy it will be extremely difficult. A high down payment and co-signer will help you in the process.
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
What are the benefits of having good credit?
The benefits are many. Lower interest rates with a home loan, auto loans, credit cards, etc.. Huge savings, and the ability to have options.
Can I get a home loan if I have bad credit?
It is tough to get a home loan with bad credit, however you may be able to get a home loan with a higher interest rate. It will also be easier if you can find a cosignor.
What is the home equity loan and line of credit?
The home equity loan is a way to release the equity of your home in order to borrow money. A line of credit is a phrase used for a method of obtaining credit.
