Getting a mortgage with bad credit is possible if you don't mind paying higher interest rates. Bad credit history always means a person cannot pay mortgages or loans. Credit history is very fragile. Any minor flaw could jeopardize it. Loaning agencies are aware of that. When examining someone for a mortgage, they look not only at your past but also at your present paying capabilities. Surely bad credit will be used as means to motivate higher interest rates.
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