With the economy, would banks be more willing to give home loans to people with bad credit at a lower rate?

Answers:1   |   LastUpdateAt:2012-09-30 04:29:04  

Question
M.J Montgomery
Asked at 2012-09-27 13:39:03
I'm thinking of buying a house in rural Kentucky where I live now . I have horrible credit , so by reading my previous question . What do you think ? Or do you still laugh ? I'm just beating my house with my family . And the rent is shit . I'm looking for a loan of 50k
Answer1lidaAnswered at 2012-09-30 04:29:04
Given that lends to people with less than stellar credit ratings has the world in this economic mess in the first place , I would not hold your breath on getting the loan - not at a lower rate anyway MedlinePlus . MedlinePlus Regardless , why would you want to buy now ? The income of a year or so and see where the market then . There are many Alt-A mortgages reset in 2009/2010 that will be contributing to the "toxic assets " held by banks .
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