If you have bad credit, but good income can you still qualify for a home loan in todays housing market? - credit insurance market
Is there any kind of insurance that you can buy, that the lender is insured against your bad credit?
Monday, January 4, 2010
Credit Insurance Market If You Have Bad Credit, But Good Income Can You Still Qualify For A Home Loan In Todays Housing Market?
4 comments:
No, we will pay more in interest if you can get a loan.
FHA loans are more tolerant, if you have bad credit. You need to find a FHA agent and ask if you can be granted.
The best insurance there is now a major claim for payment (20% or more)
The first payment is healthy enough for closing costs and fees of a few months are a good start. You should also FHA loans.
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