What is lenders mortgage loans to poor credit or bad, but there are good paying jobs?
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None. The amount of money you make is not as important as having a good history of paying your bills on time. People like this have to buy things in cash.
None of them. The loan will not be repaid, so there is no reason to throw money at someone. The credit report shows them in advance what someone thinks of their responsibilities.
Define poor/bad credit. Most mortgage lenders can do conventional loans for people with 640 credit or better. For FHA, most lenders can go as low as 620. Some lenders can go lower, but it’s a lot harder.
Let me know if you have any more questions or if you want to see if you can get pre-approved for a loan.
Check out my website at http://www.joecaltabiano.com there’s a link on there to fill out a pre-approval application.
You never know…maybe you have better credit than you think.
Building good credit is very important at any stage of your life. I had bad credit until i visited this site. It took some a couple of months but now i can get credit cards and was just approved for a car loan.