It is possible to buy your first house with bad credit. If you have a poor credit record because of credit card payment defaults, discharged bankruptcies, or repossessions, you can still secure a loan for your first home. Although you may have to pay a relatively higher interest rate because of the increased risk that your lender is taking, obtaining a home loan with bad credit still has a number of benefits. You will be able to buy your dream home and move to a more secure and stable location. This will make it easier to get stable employment…
Can You Buy Your First Home With Bad Credit?
