How do I get a mortgage with bad credit?
I have been turned down for a loan because of my credit rating. It is under 600 and I am working on it. I am paying 16% and I need $62,000.00 to buy it from the loaner. Is there anything I can do?
I don't know that it would be possible. A mortgage company or bank takes quite a risk when they loan large amounts of money to buyers.
Instead I would get credit reports and find out what to fix and work on repairing your credit. A lender who loans to people with bad credit will have ridiculously high interest rates.
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