Buying a house with a bad credit rating, is it possible?

February 9th, 2009  | Tags: , ,
xred383x asked:


My partner and I have very bad credit ratings and would like to buy a house and clear our debt, but is it possible? Or do we have to clear our debt to begin with? Will we be able to get a mortgage?

Luke
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« Need to move so daughter can go to a good district but we have bad credit? How would one reverse a bad credit rating if it has been 7 years, I dont have the money to pay all the old? »
  1. oldhombre
    February 13th, 2009 at 06:33
    Reply | Quote | #1

    Yeah, just pay cash.

  2. stuart g
    February 16th, 2009 at 08:09
    Reply | Quote | #2

    Best bet is get a good down payment and talk to a mortgaging company ie a banker not a bank.

  3. Vandhana M
    February 22nd, 2009 at 13:44
    Reply | Quote | #3

    Buying a house with bad credit seems to be possible these days.Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.

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