How to Get a Home Loan with Bad Credit? – Learn Easy Steps
The low mortgage rates that you see are generally reserved for borrowers who have very good or exceptional credit scores. Having a low score often means you're stuck with a much higher rate. Because mortgages are often very large loans that take decades to repay, even a 1% or 2% increase could lead to paying tens of thousands more in interest over the lifetime of your loan. So no matter what your credit scores, you'll want to compare your loan options to get as low a rate as possible.