Friday, February 20, 2009

Bad Credit Mortgage Tip#3 - Find A Cosigner

Finding a cosigner for a home mortgage isn't always the easiest thing in the world to do, but it's sometimes your only option. If your credit is terrible, no matter what you do the bank may say no. Frankly it's hard to put a lot of trust into a person that has a reputation for not paying bills.

Parents and grandparents are generally the best options out there for cosigners. They may not want to do this for you and that's up to them. It never hurts to ask.

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