YouвЂ™re sick and tired of writing lease checks to your landlord every month. YouвЂ™d rather purchase a household and commence building equity with every mortgage payment that is monthly. But exactly what when you yourself have bad credit? Can you still buy a house with A ficoВ® credit score that is low?
Perhaps. But youвЂ™ll likely face two needs:
- YouвЂ™ll have to simply accept an increased rate of interest.
- You may need to show up with a more substantial advance payment.
What truly matters being a bad credit history? That depends. FICO credit ratings are priced between the lowest of 300 to a perfect score of 850. Continue reading