Can i still get a mortagage if i have a bad credit rating?

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-cons...

if it helps kindly remember me in your voting!.. cheers!

Can i still get a mortagage if i have a bad credit rating?

probably, but from a credit house that is going to charge you a high interest to cover the risk that you obviously are. Be honest - would YOU lend you some money? Probably not. So a mortgage company will want to charge you a high amount to insure against you defaulting which, given your bad credit rating, is more likely than for the average guy.

Can i still get a mortagage if i have a bad credit rating?

You can always get a mortgage. The real question is can you afford the higher interest you%26#039;ll be charged as a high risk.

Can i still get a mortagage if i have a bad credit rating?

depending on how bad is bad. It can be done but be prepared to pay extremely high interest rates with a bad rating. Also you will probably need to be prepared to put down 20% to secure a loan with bad credit. But every mortgage broker will advise you to clean up your credit before taking out a loan, even if you can%26#039;t get it to excellent, everything you do to clean it up will save you in the long run.

Can i still get a mortagage if i have a bad credit rating?

Yes you can, but the rate of interest you pay may be higher than those offered by the High Street banks

Can i still get a mortagage if i have a bad credit rating?

Yes, you may still be able to get a mortgage, but you will pay a higher interest rate. You can also look into some creative financing such as owner finance, contract for deed, or lease with a purchase option. Start by contacting a real estate agent and see what they can help you with. Also watch the newspapers and signs in neighborhoods. Just be careful and research whatever you do look into. Don%26#039;t jump into anything just because you can get it. Make sure it%26#039;s right for you and that you%26#039;re willing to pay the added expenses or higher prices for financing.

Can i still get a mortagage if i have a bad credit rating?

the simple answer is yes!

to get started you may have to take a mortgage with higher repayment rates etc, but don%26#039;t worry too much about this as once one company has lent to you (assuming you keep up repayments) others will be more willing to give you a go and you%26#039;ll find that those that said no in the first place are now fighting to get your custom!!

and never be afraid of changing your mortgage to a better deal. also using a financial adviser would be a wise move at this stage, and their fees can usually be added to your mortgage terms.

Can i still get a mortagage if i have a bad credit rating?

You can nearly always find somebody to lend you money, especially if it is secured on your home, but the problem is with a bad credit rating it will cost you more.