A bad credit mortgage is just like a regular mortgage. However, it comes up with a high interest rate due to high investment risk.
No one wants to do business with someone who has a bad credit history. However, if that sounds like you then you should not really worry.
You can get a mortgage despite having a bad credit history.
How Do Bad Credit Mortgages Work?
Bad credit mortgages are just like every other regular mortgage. It is a normal deal with a high interest rate. You can borrow only at a certain amount or rate. In most cases, the deposit you are asked to pay is also higher. This is because every bad credit is seen to be at a higher risk for investment.
Can I Apply For A Mortgage Loan With A Bad Credit?
At Care Financial Services, consultants are prepared to deal with all kinds of cases. So, you should not worry much if you have a bad credit history. It is still possible for you to get a loan. However, you are still expected to take care of your credit history, which is essential for you to budget sensibly.
Our expert mortgage advisors are available at all hours of the day. They can arrange a meeting in whatever form and time that suits you, whether that’s through a video call, telephone, email, and even a written letter if necessary!
We try to give our clients the convenience of contacting us in whatever way suits them, according to their schedule. So contact us today and let us make your mortgage path as clear as ever.