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A line of credit is not bad by it self. It would be the balance of the line of credit that might raise some questions.
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∙ 13y ago
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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.
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 someone find a place for a mortgage if they have a bad credit score?
The best place for someone to get a mortgage with bad credit is from a government program. These programs include Home Affordable Refinance Program and Home Affordable Modification Program.
What can result in getting a second mortgage while having a bad credit score?
If one is trying to get a second mortgage while having bad credit it may be difficult due to one's credit standing. There are many companies that do provide second mortgages to those with bad credit and one can choose something such as a fixed mortgage rate so one knows what the payments will be over time and thus allowing one the opportunity to attempt to repair one's credit score.
What is a bad credit score?
425 is a bad credit score.
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.
How can I get a reversed mortgage on a bad credit score?
http://www.reversemortgageinterest.org is a great website to help you find all the information you need concerning your reversed mortgage and bad credit score.
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 someone find a place for a mortgage if they have a bad credit score?
The best place for someone to get a mortgage with bad credit is from a government program. These programs include Home Affordable Refinance Program and Home Affordable Modification Program.
What can result in getting a second mortgage while having a bad credit score?
If one is trying to get a second mortgage while having bad credit it may be difficult due to one's credit standing. There are many companies that do provide second mortgages to those with bad credit and one can choose something such as a fixed mortgage rate so one knows what the payments will be over time and thus allowing one the opportunity to attempt to repair one's credit score.
What is a bad credit score?
425 is a bad credit score.
Where can one look to find a poor credit mortgage lender who can help regardless of bad credit?
Finding a credit card with a bad credit score can be hard. The more you get refused, the worse your score gets. It is often suggested starting with a secured credit card to improve the score. Secured credit cards can be obtained at American Express and other providers.
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 does one apply for a mortgage loan if they have bad credit?
It is not a good idea for one to apply for a mortgage loan if they have bad credit. If one goes to a bank or financial institution for a loan, a mortgage specialist will advise them that they will need to increase their score in order to be approved for a mortgage. One can increase their score by making payments on time, paying off old debts and not applying for new loans.
Where can people with bad credit obtain services from Mortgage Lender's?
Those with poor credit can obtain mortgage lender services from credit agencies. However, some of the most widely recognized advice is for these individuals to work toward increasing their credit score, rather than obtaining a mortgage.
What kind of institution would provide a lender a mortgage loan if that person has bad credit?
There are many types of institutions that are focused on helping people fix their credit so that they can get a mortgage loan. A person with bad credit should wait several months to a year so that they can increase their credit score and then apply.
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.
