If you want to find a home or mortgage loan with bad credit, you will probably have to find a good deal on the home. This lowers the risk for the bank and that can go a LONG way toward your getting approved for a loan. If the bank has to take a huge risk to provide you with a loan, you can wave goodbye to your chances.
The bank's risk is hedged a ton if you get a great deal on your home because they will be the true owners of that home until you have paid it off.
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