Troubled Credit Mortgage

Many homebuyers are under the assumption that you cannot get a mortgage with less-than-perfect credit. Although this isn’t always the case. Lenders are willing to extend loans to high-risk clients, regardless of their credit history.

The team of experts at Today's Mortgage Choice has been helping homebuyers obtain bad credit mortgages for years. We can talk to you about your purchase and ensure that you are making responsible financial decisions. Moreover, we can put you in touch with a lender that will support your purchase.

To find out more about the options available to you, call our team today at (888) 418-6979.

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Can I Get a Mortgage if I Have Bad Credit?

While having poor credit can make getting a mortgage more complicated, it is by no means impossible. There are many lenders in the area that will extend their loans to those with a checkered financial history.

It’s important to note, however, that having poor credit could affect the cost and rate of your mortgage.

At Today's Mortgage Choice, we make it our business to guide homeowners through the mortgage process. Not only will we provide you with access to some of the area’s best lenders, but we will also discuss your finances and ensure that you are not getting in over your head. Our goal is to promote financial responsibility and freedom through smart budgeting and investment.

To find out whether taking out a mortgage is a good option for you, set up a comprehensive consultation today.

How Do I Buy a House with Bad Credit?

To be considered eligible to buy a house with bad credit, you must first apply for a troubled credit mortgage.

When applying for a mortgage, your lender will look for indications of credit issues through your income, your employment history, or whether you are a first-time homebuyer. The lender will also want to ensure that you are buying a property you can afford while avoiding debt accumulation.

Entrust the expertise of Today's Mortgage Choice. We will help you streamline the steps for prequalification. We will help you prove to the lender that you will be able to make payments on time and in full.

Will Bad Credit Effect My Mortgage?

When you have bad credit, your mortgage will likely look a little different. A lender may require the homebuyer to:

  • Pay a larger down payment on their property
  • Take on a higher interest rate than that of other mortgage products
  • These requirements will work to prove your responsibility as a borrower. Nonetheless, we will be able to find you a mortgage product and rate that fits your financial needs.

Find the Best Troubled Credit Mortgage Rates

Don’t let bad credit stop you from buying a home. Many lenders are willing to loan money to those with unfavourable credit, and the team at Today's Mortgage Choice can help you access these institutions.

We can also provide you expert advice and guidance as you explore the best mortgage products.

To get started today, set up a consultation with our experts.