A Bad Credit Mortgage, as the name suggests, is designed for individuals with credit scores that may not meet the stringent requirements of traditional lenders. It provides an opportunity for those who have faced financial setbacks or made credit mistakes to still access the housing market.
Bad Credit Mortgages come in various forms, including fixed-rate, adjustable-rate, and more. The terms and conditions of these mortgages can vary significantly from lender to lender. This is where the importance of exploring Bad Credit Mortgage rates comes into play.