How Do You A Bad Credit Home Purchase?
Are you looking to do a bad credit home purchase? It is possible to buy a home even if you have bad credit. The first step to doing a bad credit home loan purchase is to find out how bad your credit is. If you credit is at a certain level you can still qualify for a traditional bank loan at a higher interest rate. If you credit rating prevents a traditional loan take a look at the various government programs. If you are unable to get a home loan this way there are other options to try. Another option for a bad credit home purchase is to find a home that offers owner financing. You can work out an agreement with the owner and may be able to qualify event with bad credit. The other option to consider is rent to own where you can rent for a period of time and then purchase the home at a later date. Make sure you understand all contracts. You should use the services of a lawyer to represent your interests.
