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how to buy a home with bad credit

  • July 06 2013 - Redwood City
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Answers (3)

First step is to talk with a lender who can advise you what needs to be done, in the short term and in the long haul to obtain a mortgage.  Of course deep inside you, you know that you need to improve your credit.
  • July 06 2013
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Profile picture for meatha haynes
Talk to a lender and explain your situation.  Sometimes lenders do free "credit-counseling" workshops where they can show you tips and tricks to raise your credit score.

There may be a lease-purchase option you could do as well.
  • July 06 2013
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You need to talk to a loan officer and explain your situation.  I would actually recommend having the officer run your credit and go over your issues.  There could easily be some mistakes on there that can get corrected and perhaps even some easy fixes that might raise your credit score quickly

In theory you could also find a private money lender, not really a bank, but an individual or company that makes loans.  Theres nothing wrong with that, and its still a mortgage...if you default on paying your note, they will take your house just like a regular bank.
  • July 06 2013
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