2006-11-28 14:57:52 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
YES :) There are companies that lend to those with bad credit. Ditech.com is one.
The interest rate may be nasty but you can get a mortgage. There are also companies that own homes that sell them to less than perfect credit.
Build your credit back up. Get a credit card and put everything you usually buy on it BUT PAY IT off every month. If you have judgments, pay them. Charge offs, wait and dispute them with the credit agency..most can't prove them because they are junk debt.
Good Luck
2006-11-28 15:02:58 · answer #1 · answered by MN-Mike 4 · 1⤊ 0⤋
Of course you can! You can improve your credit. You can save up extra for the downpayment. With a larger down payment you will have an easier time getting approved. You can get a higher rate and refinance later. There are tons of professionals that can help you. Beware the scammers though! Get your house!
2006-11-29 01:13:39 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
Lots of mortgage companies will lend you to own a home but you have to pay higher than banks. You will get those companies in the yellow page ( telephone book). In the meantime you may
improve your bad credit by paying debt regularly and timely and
you will improve your credit.
2006-11-28 15:13:13 · answer #3 · answered by Pk D 3 · 0⤊ 1⤋
Eventually. Work hard to repair your credit. There are numerous free sites geared toward helping people repair their credit. The one I find most helpful is listed below. Good luck!
2006-11-28 15:06:20 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
of course... Just clean up your credit somewhat, most mortgage lenders look for a credit score of at least a 670 or higher. Make payments on time each month for your bills, do not pay just the minimum on your credit cards if you have any.
2006-11-28 15:10:32 · answer #5 · answered by Foxtrot 2 · 0⤊ 1⤋
For the most part you can always get a mortgage -- but it might be horribly expensive.
The best route is to rebuild your credit for a few years, paying off everything on the report. When it is paid off then it will be much easier and cheaper.
2006-11-28 15:07:43 · answer #6 · answered by geek49203 6 · 0⤊ 1⤋
I believe there are sources out there that can help you with debt and credit. Maybe check on of those out... I'm not sure off the top of my head, but I knwo tehy are out there, hang in there!
2006-11-28 14:59:43 · answer #7 · answered by yanosh13 2 · 0⤊ 1⤋
yeah, there's always creative financing and you can always build credit.
2006-11-28 15:05:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋