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The first thing you should consider is trying to get your credit in better shape. Obtaining a credit report, working with a credit counseling service and paying off old debts will certainly make your eligibility for a home loan more of a reality.

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12y ago

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Are there any lenders who offer home loans to people with bad credit ratings?

Yes, there are several companies that deal in mortgages for people with bad credit. One is the FHA (Federal Housing Administration). You can also try credit unions, co-signing with a family member with better credit, or putting something up for collateral.


Where can one find information regarding bad consolidation credit debt and mortgages?

You can find information regarding bad consolidation credit debt and mortgages at the DebtHelp website. Once on the page, you will have access to expert guides, debt calculators and more.


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.


Where can one find a list of mortgages with poor credit?

Researching has not provided a list of lenders that offer mortgages for ones with bad credit. There are many companies that will deal with poor credit however. Some companies are Loanleaders of America and My FHA.


How can one remortgage with a bad credit history?

There are a few credit companies that allow one to remortgage with a bad credit history. Some companies that offer this service are 'Clean Slate Mortgages', 'Norton Finance' and 'GE Money'.


Where can one learn to clear bad credit mortgage?

There are many online resources to help people clear up poor credit histories including bad credit mortgages. Several companies offer services and advice to this end. Examples include The Legacy Group and Apple Mortgages in the UK.


Which banks offer bad credit mortgages?

There are banks and institutions which offer bad credit mortgages and it is important that you find the correct one for your purposes. The website www.mortgagemagpie.com will allow you to get quotes according to your financial situation and explain fully what would be involved should you choose to proceed.


Where could one find information about getting home mortgage loans for people with bad credit?

The first place to check for information on mortgages would be your bank. Even if you have bad credit the bank will inform you if there is any possibility to get this type of loan. The internet also boasts many sites that will give more information about bad credit and mortgages.


How can you get a bad reputation with your bank?

One can get a bad reputation with their bank if they have financial problems or debts. A bad reputation makes it hard to get loans or mortgages, or even a credit card.


Where could one get refinance loans information for bad credit?

There are many options for refinancing loans even with bad credit. The webpages Road Loans, Refinance Mortgages, Mortgage Loan, and Zillow all offer options to individuals with bad credit.


What are the reasons in which a person would apply for a subprime mortgage?

Subprime mortgages are for people with lower or worse credit ratings, its more of a second chance than anything. You would apply for one if you have bad credit and need a home loan, it does have higher interest rates though.


Can defaulting on your mortgage harm your credit rating?

Yes. Mortgages make up a good portion of your credit profile, so defaulting on one can damage your credit score pretty bad.