Can you buy a house with bad credit?
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with credit card debt around 20K? I want to buy a house fix it up flip it sell and with that money pay off my credit card debts cause at this rate it will take years and years to pay it off.
Can you buy a house with bad credit?Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortga...
Can you buy a house with bad credit?Well to me, I wouldn't think u can buy a house with bad credit...Well I mean if it would take years to pay for it..srry
Can you buy a house with bad credit?Yea, but your interest rate will be much higher. I would recommend that 20K isn't really all that much. Buckle in for the ride and pick up extra work and skip coffees, movies, take out and get it paid off. Sell your CD collection, anything you can think of to make money. More on the account, less interest, and if you are really dedicated you could probably pay off in one year. As far as the house, you need to take into consideration closing costs, PMI, Insurance, repair - where are your going to get the money for supplies? Credit cards? And when you sell, if you are able to sell in this market,anything required to bring up to code, (are you thinking about what could happen if mice, termites decide to take up residence prior to selling - well that's several hundred dollars in exterminating fees right there, realtor fees and taxes, taxes, taxes throughout the time you own the house. Believe me, houses aren't cheap.
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