answersLogoWhite

0


Best Answer

Although having a good credit history is better when applying for a mortgage it is possible to still get a mortgage with a bad credit history. When getting a mortgage with a bad credit history, one will have to pay a higher interest rate. Show the mortgage lender that you have a good job that will cover your mortgage. If you eliminate all other debt it looks better to the lender and gives one a better chance at getting approved.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can one get a mortgage with bad credit history?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where might one with a bad credit history look for a mortgage?

One might get a mortgage when having a bad credit history through subprime mortgage lending, which means making loans to people with a bad credit history. Companies who offer subprime lending include: Amigo Loans, Piggy Bank and UK Credit.


Where can one go to get a loan for a mortgage refinance if one has a bad credit history?

You can go to your local bank, talk to your financial advisor, see if you are qualify to get a mortgage if you have a bad credit history. They probably need you to have a guarantor co-sign your mortgage.


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 one improve their bad credit due to mortgage rates?

One can pay off their mortgage and therewith reduce his overall debt. Bad credit may also be due to past history, for example if one has already declared himself bankrupt, he will have a bad credit score.


Where can somebody get a mortgage if they have bad credit history?

There are various resources for one to get a mortgage with bad credit history. One can visit their local office for Housing and Urban Development (HUD) and speak with a counselor to find financial assistance. One can also try to apply for an FHA loan.


Where can someone apply for a mortgage that has a bad credit history?

If one has a bad credit history, it is still possible to get a mortgage. If one cosigns for a loan with someone else, they have a better chance. One should also attempt to improve their credit. Wells Fargo, Quicken Loans, and many other places offer mortgages.


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.


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.


Where can someone get a mortgage loan for people with bad credit?

One can get a mortgage loan for people with bad credit in two different places. The first place that one can get a mortgage loan for people with bad credit is a bank, like Wells Fargo. Another place that one can get a mortgage loan is a credit card company, like American Express.


How can one get a consolidation mortgage with a bad credit?

There are many places where one can get a consolidation mortgage with a bad credit. These places include, but are not limited to, Friendly Cab, Lending Tree, Wells Fargo credit, and Pressmantoy.


What are the advantages of no money down bad credit mortgages?

One might ask, how can one get a no money down bad credit mortgage? If you have bad credit and do not have enough money to put a down payment of a mortgage, you can take advantage of an FHA loan.


How could one apply for a 2nd bad credit mortgage in the UK?

Someone can apply for a second bad credit mortgage in the United Kingdom online. A person what has bad credit, they can still apply for a mortgage in the UK by filling out the application they can print online or get from a bank.