How do mortgage companies give people loans if they have bad credit?

Answers:3   |   LastUpdateAt:2012-09-12 13:08:03  

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hiten
Asked at 2012-08-06 23:02:46
How do mortgage companies giving loans to people if they have bad credit ?
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Answer1ayaAnswered at 2012-08-08 02:11:45
They take a risk, but they charge a higher interest rate

http://index-go.com/debt-consolidation-r
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Answer2CheriAnswered at 2012-08-10 03:31:41
Get an FHA loan . This loan does not depend on the borrowers credit score . Banks buy FHA loan because the FHA insures the loan .
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Answer3Evette JohnsonAnswered at 2012-09-12 13:08:03
Or if they come with a large down payment . That would MedlinePlus protect the bank if you default .
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