While a bad credit can limit your access to financing, that does not mean that it is impossible to obtain one. Though limited, there are still personal loan programs with qualifications that allow borrowers with not-so-stellar credit to get the money they need. However, many misconceptions about bad credit and personal loans prevent potentially eligible […]
Common Myths Regarding Credit and Home Loans
While it’s true that having bad credit can make it more difficult to obtain a mortgage, it’s absolutely not true that you can’t buy a home with bad credit. If this is the only thing holding you back from buying a home, consider these facts and re-evaluate your stance: Mortgage Products Exist for People with […]
Three Ways you will Pay for Bad Credit with a Conventional Loan
Most people know that mortgages are driven by your credit score, but they are affected by them more than you might think. Every loan program has a minimum credit score they will allow in order for you to qualify for the loan, but it does not end there. Even if you meet the minimum requirement […]
What’s the Definition of Bad Credit?
When you apply for a mortgage, you always hear the term, “good credit” being thrown around. But what exactly is good credit? Is there a matrix that you can compare your situation to in order to see how you stack up? How do lenders decide who has “good credit” and who has “bad credit”? Good […]