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Often previous bad debts can have a huge impact on receiving a poor credit mortgage. It is worth having an official credit rating carried out to determine your rating, as this will also inform you as to why you have a good or bad rating.

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12y ago

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How can one get a mortgage loan with poor credit?

Some companies offer mortgage loans for people with poor credit but in general, they are difficult to find. In general, one will need to prove that they can make up for the poor credit in time by showing their credit record and income status.


Where can one obtain a mortgage if one has a record of poor credit?

One can obtain a mortgage of one has a record of poor credit from government programs such as the Federal Housing Administration or the Veteran's Administration.


Where can one go online to refinance a mortgage with poor credit?

There are many different websites one could visit if they're looking to refinance a mortgage with poor credit. Examples of these websites include Mortgage Loan, Nationwide, and Freedom Mortgage.


How can one get poor credit mortgage loan in Ottawa?

To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.


What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?

You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.


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.


If my credit is marginal, where can I find a mortgage for poor credit?

Yes, there are mortgages available for people with low credit. First, contact a reliable local bank and see what their options are. Be wary of so-called "mortgage shacks" that offer up shady mortgage advice.


What mortgage lenders will loan someone with a poor credit history?

In this lending climate there are very very few options if your credit is poor. FHA loans are the most forgiving.


What are some adverse credit lenders?

Some adverse credit lenders are: "GE Money", "Precise Mortgage", "Amerisave", "Avex Funding", "Quicken loans", "Loans for poor credit", "Poor Credit Finance", to name a few.


What are the ramifications of a poor credit score?

Having a poor credit score impacts one's ability to get a credit card and even a mortgage. If one is still able to get a credit card, the interest rate is likely to be higher and the credit limit lower.


What are mortgages for poor credit?

It will depend on the lender, how much you need for the mortgage loan, what the price of the home is, and other market factors when you apply for the mortgage.


Who offers mortgage loans for someone with poor credit?

Many banks and financial institutions will offer mortgages to those with poor credit, but only if one of two criteria are met. First, coming to closing with a large portion of the down payment (10%+ of the value of the home) will help. Second, a person will poor credit may have to accept a much higher interest rate and purchase mortgage insurance in order to obtain a mortgage loan.