buying a home with bad credit

Buying a Home with Bad Credit

Buying a home with bad credit - Paramount Equity®

Buying a home with bad credit - Paramount Equity®There are many things which can lead to bad credit. Perhaps you missed payments to your credit cards because you were on furlough. Perhaps you moved around apartments because you were deciding on where is the best place for you to settle down. No matter the reason, bad credit does not have to sideline you from buying a home. There are ways for you to become a home buyer.

How to Buy a Home with Bad Credit: Loan Options

You can get a home loan with bad credit. The catch is that your interest rate may be higher than if you had good credit. Bad credit makes you look like a risk for the bank. While you may have been down on your luck or just going through some growing pains, the bank needs to protect its loan to you. If you are able to afford paying back a bit more, then (more…)

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How to Buy a Home with Bad Credit

How to Buy a Home with Bad Credit - Paramount Equity®

Many of the advertisements around today make it sound like having bad credit is the end of the world. While it’s not great to have bad credit, it certainly does not mean you have to stop living. There are plenty of options available to people without ideal credit, you just need to know how to handle your credit choices moving forward. Here’s how to buy a home with bad credit.

Why is your credit bad? 

The first thing to establish when you are trying to figure out how to buy a home with bad credit is why your credit is bad to begin with and how you can ameliorate it. If you have foreclosed or claim bankruptcy, know that the mark remains on your credit report for 10 years. If you have had to deal with collection accounts, those remain for 7 years. Minor incidents (more…)

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