Personal Credit Coach

Buying a Home with Bad Credit? Credit Repair Can Help!

Stephen Leifer - Wednesday, February 22, 2017
Buying a home is frustrating enough, but it can be downright demoralizing if you have bad credit.  The good news is it is possible to get a mortgage, even if your credit history is less than perfect.  Here are a few tips: Traditional banks rarely offer mortgages to those with bad credit, but you can find sub-prime lenders that extend credit for mortgages, as long as you are willing to pay higher interest and/or fees.  This is not the best option because many find themselves overextended in mortgage debt. Therefore it is best to consult with a credit restoration specialist  before applying for a mortgage.  You might be advised to wait on the mortgage and focus on improving your credit first, this will put you in much better financial and credit position for the long run.  

A few more important tips:

Every time you are turned down for a loan it hurts your credit score, so do not just fill out mortgage applications until you are fairly sure you will be approved.

There are plenty of mortgage options out there for people with bad credit.  We can help you decide if it is a good time to apply for a mortgage and when it is, help you choose a lender that is right for you.

Call us to discuss your best options.

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