Sunday 15 May 2016

Home Loans for Bad Credit



HOME LOANS FOR BAD CREDIT

When you start searching for a home loan, you’ll see that most lenders are searching for “triple threat” applicants. No, I’m not talking about people who can act, sing, and dance well. I’m talking about a borrower’s triple threat—someone who has an excellent credit rating, a large down payment, and a steady job that gives them a low debt-to-income ratio. While these “triple threats” are the prime applicants for a mortgage, less-than-perfect applicants shouldn’t give up hope. We’ve already talked about how to find a mortgage with low or no down payment, so today we’re going to look at what to do if your credit score’s not up to snuff. It’s certainly possible to find home loans for bad credit; you’ll just have to work a little harder than the average borrower.

1 comment:

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