Many times, the people that I speak with have bad credit and arewondering if they can repair bad credit and get a mortgage and how long the process takes. Some even wonder if they can get a mortgage without repairing their bad credit first.
The short answer to the question of "can I get a mortgage with bad credit?" is "no".
But...
There is good news.
You can -- with a little effort -- actually work to repair bad credit.You can do it yourself or you can actually hire a company to help youfix your credit. If you hire a company to help you fix your credit,will it help more than if you do it yourself? Maybe. Maybe not -- itmostly depends on how good the company you hire is.
One thing iscertain though -- if you currently have bad credit and you want to buya home, you are out of luck at getting a mortgage. Many lenders arerequiring at least a 620 credit score for any kind of loan, so you want to be sure that your credit score is at least that high when shopping for a mortgage.
Soif you don't currently have at least a 620 mid credit score, plan ondoing a little bit of work before you can get a mortgage - and you cando the work yourself or hire someone who specializes in credit repairto help you.
