Buying a Home with Bad Credit is Still Possible
“Put aside your fears. Just because you have gone through foreclosure, filed bankruptcy, or have had bad credit, it doesn’t mean that you won’t be able to buy your own home. The only difference over someone who has good credit is that you’re going to pay more,” says Elizabeth Weintraub (30 years in real estate industry practice). The factors that will make it easy for you to purchase a home include a great loan, talented lawyer, and a good real estate agent to represent you. Don’t be intimidated with the process of buying a home with bad credit. It only involves the following: Cleaning your record Pay back your old debt and eliminate mistakes that might be present in your credit score. Although these steps will not immediately impact your home purchase, it might be put to good use in the future. Some Federal Programs or brokers will overlook your…