Bad Credit Loans, Bad Credit Mortgage Loan Is Possible

bad credits

Persons with bad credit will have a difficult time getting a mortgage. However, it is not impossible. Today their exists bad credit mortgage lenders. These mortgage companies specialize in offering persons with a bad credit score or low income a bad credit mortgage loan. A bad credit loan comes with a higher rate of interest due to the fact that these bad credit lenders are taking a risk that you will timely and adequately repay the loan. Bad credit mortgage loans may be more beneficial than renting as you will be earning equity and rebuilding your credit to a time that you may be able to refinance to get a low rate of interest, thus lowering the monthly mortgage payment. Bad credit mortgage loans may not be ideal, but they are a good start to financial recovery.

If you are a current homeowner with poor credit, it may be of interest to you that bad credit mortgage lenders will also offer to you bad credit refinance loans, bad credit home equity loans, bad credit debt consolidation loans which may help you in your financial worries, particularly if you did use a bad credit home purchase loan in purchasing your house.

Whether you have fallen upon hard times, or have a bad start, there is help available, but it will cost you more until you can get back on your feet.

disclaimer

News & Events

  • Mortgage rates hit highest point in a month - CNBC.com - 2018-04-20
    Buying a home just got a little more expensive. Mortgage rates, which loosely follow the 10-year Treasury, hit their highest level since the end of March, breaking out of a tight range where they had ...
  • Mortgage Rates Push Farther Into 4-Year Highs - 2018-04-24
    Mortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an...
  • US mortgage rates climb to 2018 high mark - 2018-04-23
    “Treasury yields rose ahead of the release of the Fed's Beige Book and speeches from New York Fed President William Dudley and Fed Governor Randal Quarles,” said Len Kiefer, deputy chief...
  • Home prices surge in February – even as mortgage rates rise - 2018-04-24
    Home values nationally jumped 6.3 percent in February compared with a year ago, according the S&P CoreLogic Case-Shiller Home Price Index. Home prices nationally were 6.7 percent higher than their...
  • Mortgage rates today, April 20, 2018, plus lock recommendations - 2018-04-20
    If you can get a better rate (say, a .125 percent lower rate) by waiting a couple of days to get a 15-day lock instead of a 30, it's probably safe to consider. In a rising rate environment, the...