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If I have bad credit can I get a mortgage?
by admin
11 Sep 2015

In some cases, Yes, depending on a number of points, you can qualify for a mortgage even with bad credit. Normally if you have 25% or more as a down payment or in equity you can get a mortgage regardless of your credit rating. You will pay for this privilege with an increased interest rate but you will have your mortgage.

You can also qualify for a high ratio mortgage with damaged credit. There are a couple companies that will provide mortgages to people with as little as 10% down payment Even with damaged credit, the worse your credit the higher the interest rate.

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