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mortgages for people with less than perfect credit?
we are looking to buy the house we are in and looking for a mortgage our credit isnt the greatest. we are working on it but time is running out landlord wants to sell
5 Answers
- Ed AtunLv 71 decade agoFavorite Answer
You can get a mortgage today with bad credit. You pay 9% interest for 30 years. You can close the sale in 2 weeks. /
- Steve RLv 71 decade ago
Even if your credit is not the best, you should have no problem getting a mortgage. The bank may charge you a higher rate, but you should get it. When buying a house, the bank knows they can always repossess. Good luck to you
- 1 decade ago
Yes, you can get a mortgage but at a higher interest rate and the banks will probably require a substantial downpayment depending on how bad your credit is. Try these websites, they provide downpayment assistance. www.ameridream.org www.getdownpayment.com
Good Luck
- 1 decade ago
You could buy one pretty soon if you consider Vendor Financed homes or Rent To Own homes as the owner would assess you and not a bank..
Cheers
Sheree
Source(s): http://www.renttoownyourhome.com.au/ - How do you think about the answers? You can sign in to vote the answer.
