If a person is unable to get a Mortgage loan due to bad credit and, existing debts.......?

by Renegade98
Question by ARTY: If a person is unable to get a Mortgage loan due to bad credit and, existing debts.......?
Will the interest rate still be high when the existing debts are paid off and, finally is eligibly for a Mortgage loan?


Best answer:
Answer by RealtyyoudefineIf the person is able to qualify for a mortgage, they will pay high interest rates and need a lot of cash for a down payment.
The rate does not automatically change when the credit is repaired, because you have

Loans Bad Credit Loans