A poor credit history isn’t necessarily a deal-breaker when it comes to buying a home. Here are some tips to help handle the bad credit situation when buying a home. Do you believe your negative credit history disqualifies you from buying a home? That might not be the case. And even if you’re not in the position to buy today, there are some simple, effective actions you can take to boost your future prospects. If you’re like most people, buying a home means securing a mortgage. To secure that mortgage, you need to convince banks you’re a good bet. Here’s how to start on the path to making your dream home a real home: 1. Work towards a 10% down payment: Down payment assistance is very difficult to get without a credit score north of 640. So if you’re below the line, you’re going to help your odds of pre-approval by proving you have 10% down to put on your home. That 10% is especially helpful if your credit score is sub-550. Above 550 you might be able to land...
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