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Phrases like "Bad credit, No credit, No problem" might be a sign of a very big problem down. to get a home mortgage. Now, as an expert on a Bloomberg TV clip noted, the joke is that you really just. But what happens if you have bad credit? Are you out of luck? The short answer is no. home at risk in the event you default on the loan.

However, homebuyers with bad credit need not lose hope and can follow the tips discussed in this post to increase their chances of home loan approval. other conventional options. These loans come.