My credit is poor...Can I still get a mortgage?

Truth is, that there are loan programs for all credit types. The most important thing is to really get a good handle on just how bad your credit is. Most people are shocked I find, when I go through their credit with them. They can't understand how their score is not higher than what it actually is.

You must make on time payments, and you should always try to maintain a pretty good understanding of where your credit stands. You can access your report on sites such as click here but I would also recommend reviewing your accounts with an expert. A mortgage Banker/Broker that you trust is well suited to help you with this.

The most important type of debt to pay on time is your monthly housing obligation, usually your mortgage(s). It is obviously very important to pay all of your bills on time of course, but there are many other factors that impact your score.
>Total amount owed (outstanding balances)
>Length of credit history (how long have you maintained healthy credit lines?)
>New Credit and your complete credit mix/breakdown (New large purchases such as a home, a car or even an expensive TV can cause your score to drop when added to you credit portfolio)

The reason these all impact your rating is that your credit score is a mathematic calculation on your likelihood to pay back money loaned to you. Your score is a snapshot of your total credit risk at a particular point in time. A large new obligation added into the mix poses a risk to all of your other creditors. The concern is not how you performed in the past, but how will you maintain with this new financial burden you have just taken on?

Before you assume where your credit ranks, I implore you to speak with an expert and have them really explain it to you. You might be surprised what you find out...