If you can afford to pay rent, chances are you might be able to afford to buy a home. Bad credit should not limit your financing options, and there are companies that offer flexible loan options even with bad credit. You may, however, need to streamline your expenses, pay your debts on time, and add a few more income streams to qualify for a mortgage.
The most important question is not whether you can buy a home with poor credit, but whether you’re committed to making those monthly payments no matter what. In any case, having a low credit score means you’re already indebted. Why not let one of those debts leave you with a home once you’re done paying it back? Continue Reading