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How do mortgage companies give people loans if they have bad credit? |
How do mortgage companies give people loans if they have bad credit? Usually they would have a very high interest rate. Get a FHA loan. This loan does not depend on a borrowers credit score. The banks buy the loan from FHA, because FHA guarantees the loan. I did it. Or if they come in with a big down payment. That would protect the bank if they default. They take a risk, but they charge a higher interest rate http://index-go.com/debt-consolidation-r... http://simple-credit-cards-and-loans.com... http://index-go.com/debt-consolidation-r... http://simple-credit-cards-and-loans.com... |
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