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Buy A House With Bad Credit
by: Lanard

Yes, it's possible to buy a home with bad credit. However, a person in this predicament can expect to;

make a larger down payment

pay a higher rate of interest

have a loan that's amortized for fewer years to effect a faster payoff, but with large monthly payments, or

have a loan amortized for a lengthy time to keep the payments reasonably low, but with a a balloon payment in say 4 - 5 years

A key to a person with compromised credit getting financing to purchase a home is total disclosure. They must be willing to give all of the information so that there are few if any surprises along the way.

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