Bad credit home purchase

Making a bad credit home purchase is not impossible but it can be difficult for a number of reasons. The first has to do with the recent mortgage market mess that has tightened what was an easy mortgage market into one that has made maneuvering through much more difficult. The second has to do with how credit is figured among lenders. Knowing how each lending entity looks at a person with a less than stellar borrowing history can help in knowing how to accept declines for lending and where to expect a yes. A good place to begin the discussion would be how lenders look at borrowing history and the debt to income ratio. More than ever, a person seeking a bad credit home purchase really needs to do his/her homework before signing on the bottom line.