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You won't qualify for a mortgage. If you do it will likely be by a predatory lender who will charge you high fees and roll them into the amount of the loan, knowing you won't be able to pay it.

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13y ago
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Q: How can bad credit effect you when going for a mortgage?
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Where can a person go to get information on mortgage lenders for bad credit?

There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.


How can I get a mortgage with bad credit?

It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.


What banks offer fair mortgage quotes for people with bad credit?

In these times it is hard to find banks that will offer mortgage quotes for people with bad credit. Try going to small local banks for this.


Will they give me a mortgage if I have bad credit?

Often you can get a mortgage with bad credit. Bad credit can, though, increase your interest rate, increasing your monthly payment.


Where can one get a home mortgage if one has bad credit?

One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.


Where can I find more information on getting a mortgage with bad credit?

Check out this article about getting a motgage with bad credit... http://www.finweb.com/mortgage/need-a-mortgage-but-have-bad-credit.html You can learn more about getting a mortgage with bad credit, by visiting www.fha.gov, www.hud.gov, and www.mortgageloansbadcredit.com.


What is the worst thing about bad credit mortgage?

The worst thing about a bad credit mortgage is the price you have to pay. You get a worse rate and have to pay more for longer than if you have a good credit mortgage.


Can I get a mortgage with bad credit?

It is possible to get a mortgage loan with bad credit but you will have to pay a lot higher interest rate and the loan amount will be lower. You can go to HUD and talk to a counselor about securing a mortgage loan with bad credit. There are a few different options for people with bad credit.


What banks allow bad credit mortgage?

Unfortunately, fewer banks will lend to someone with bad credit. Some of the major banks that advertise that they will give a mortgage to someone with bad credit include Paramount Equity and FHA Mortgage.


Is is possible to qualify for a mortgage with bad credit?

There are many different programs to help you get a mortgage even if you have bad credit. You are likey to pay a higher rate for your mortgage but there are mortgage brokers who can help you to qualify.


Where can one obtain a mortgage quote for those with bad credit?

One can obtain a mortgage quote with bad credit from a variety of financial institutions. Companies such as Fidelity and Wells Fargo, can offer consumers mortgage quotes despite bad credit.


How can someone apply for a mortgage loan?

Someone can apply for a mortgage loan by going to the Realtor website. The website has information on how people including those with bad credit can apply for a mortgage loan.