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mortgage with bad credit?

Old 03-17-2022, 09:19 AM
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Default mortgage with bad credit?

How can I get a mortgage with bad credit?
david63 is offline  
Old 08-09-2022, 10:43 PM
Join Date: Feb 2003
Location: Murray KY USA
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In years past, many homes in my area were sold to folks with bad credit on a "land contract". Basically, you make the contract & move into the house. Usually very little or no money down. All such contracts are done thru private individuals, not banks. The buyer has to take out an insurance policy on the house with the seller as beneficiary. If the policy is cancelled or lapses, the property reverts to the seller with the buyer losing all equity. Same thing if the buyer misses a payment. If the buyer keeps up their end of the bargain, the property is theirs. It's a legit way to buy & sell property for folks with poor credit.

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Old 09-30-2022, 01:50 PM
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Originally Posted by david63 View Post
How can I get a mortgage with bad credit?
Get your credit straightened out before you try to buy a house. If you can even get a loan, the interest will be ridiculously high. Get your credit cards paid off and after you do do not make payments on a balance, pay the balance every month so you owe nothing. That is how you get good credit and pay your bills on time.
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