Tips And Tricks Of Getting A Home Loan With Bad Credit

What is your credit score? Do you have a bad credit rating? Have you ever filed for bankruptcy or gone through a foreclosure? If the answer to all of these is a yes, then worry not. Here at Sengkang Grand Residences, we will give you tips and tricks of getting a home loan even on lousy credit.

So put your fears away as our Sengkang Grand Residences team of experts, we shall take you through how you can secure home loans even on lousy credit. However, do take note that you will pay more as compared to an individual with a sparkling credit score. So how does someone secure a home loan even after bad credits?

Get a major Credit card

One of the things people tend to assume is that you cannot get a significant credit card after filing for bankruptcy. The case is not valid as chances of getting a major credit card are more accessible than you think. How?

Our Sengkang Grand Residences team explain that getting a major credit card is easy due to three main reasons. First filling for bankruptcy gives you a fresh start. Second, filing for bankruptcy means you have no debt. Thirdly, credit card providers know that you cannot fill for another bankruptcy for the next seven years.

Employment Status

When getting a home loan with bad credit, you have to show that you have a job for a specified period. Most home loan lenders due request that you show steady employment for one to two years

Down payment

Do you desire to Sengkang Grand Residences condo? Even on bad credit, you can get to enjoy home loan if you can raise a certain percentage on the Sengkang Grand Residences condo value. Some home loan lenders do request that you pay a down payment of at least 10% while some may require that you be able to raise a down payment of 20%.

Payments of bills

When it comes to getting a home loan, you should first ensure that you can pay your bills. Ensure all bills are paid on time.

Conclusion

Do you desire to get Sengkang Grand Residences condo even on bad credit? Then visit our website where you can go through the various ways in which you can finance your dream house with ease. Our Sengkang Grand Residences team of experts are thoroughly trained and with their years of experience know how to navigate the real estate sector with ease. If you do have any question, feel free to leave a comment on the comment section below.