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…)Read More »