Getting a home loan with lousy credit

by Laurel Michaels

Not so very long ago you could get a home loan with bad credit, no money down, no money in the bank, and no explanation to the lender required. Fast forward to today, pick up a newspaper and read about the increasing fore...read more

by Aster C. Lilly

I used to work for a mortgage banker doing pre-qualification for sub-prime loans. I dealt with many people with poor credit scores. There were a few absolute no-nos, however. Here is what I advise you to consider before...read more

by Sara Lauren

The first thing to note is why you have lousy credit. Is it due to tax liens, judgments or late pays on your mortgage - these items could be "deal breakers." If your lousy credit is due to collections or late payments on b...read more

by Carol Bennett-Gerber

Today's mortgage lenders have a wide range of loan products and can find a loan for almost anyone. If you are not an ideal candidate (i.e. less than perfect credit, variable income, self-employed, carry alot of other d...read more

by MM

"Re-mortgage from 2.65%" An interesting advert on the very Helium page I picked up this thread, You might think it's unrealistic.You might think such offers will enhance the global problems with bad credit? Some banks ...read more

by Isabel Richmond

Many individuals can get home loans with lousy credit. The problem is can they keep the home. If you have bad credit and did not pay off previous creditors. Than why would you want to purchase a home that you may not be a...read more

by Charles Butler

It's easy, if you don't mind a little work. You can buy a house or investment property with really lousy credit, below I will list a few examples: There is a saying that every dog has his day, this is even true if your ...read more

by Hilary Bowman

Homeowner loans are known for having a significantly higher approval ratio than other loans when the applicant has a bad credit score. However, this does not mean that approval is necessarily guaranteed when you are a home...read more

by Frank Nowicki

Just remember, if you have lousy credit then you probably don't have the experience or the know how to manage your own finances and financial obligations. Try to obtain a credit card if you have not already done so and sta...read more

by Ted Sherman

Oh, sure! If you believe it, I have a bridge in Brooklyn I'll sell you cheap. Of course, a realtor will tell you it is possible to get a home loan with "lousy" credit. The realtor is interested in just one thing ... commis...read more

by Sheri Partain

Enough said, it is much more comfortable and less hassle to own your own home. Giving someone else $700 plus a month, in addition to your other bills seems crazy. But if you own a home, essentially you are paying your...read more

by Elke C

For whatever the reason that has resulted in a "lousy" credit rating, make sure you are not acting out of desperation. Watch out for institutions and people willing to lend you money too easily. Do the math. Figure out ...read more

by Stephanie Hewit

I was in the same position. My credit was..well not great through no fault of my own. Get a copt of your credit file first from Equifax or Experian. This details all credit that is associated with your name, this also m...read more

by Rhonda M.

Yes you can get a home loan even if you do not have perfect credit. I would suggest doing a little research so that you can find the best option and company to get a home loan with in this case. You may have a slighly hige...read more

by C. Penlington

You can pull funds out of your retirement account/401k, without being penalized - depending upon the guidelines of the program you are in. You can also take over someone else's loan - where they might have otherwise gone ...read more

by Laura Feeney

The dream of every Canadian is the dream of home ownership. We work hard to save for that roof over our heads that will protect our children and future generations. When you make the final decision to move on out of ...read more

by Joyce Priddy

Getting a home loan with lousy credit is possible. It is a difficult journey but an attainable one. The first step in the process is to become a member of a reputable credit union. Credit unions have more liberal lendin...read more