When you begin to investigate any kind of loan, particularly a bad credit mortgage, you can see immediately how much having a blemished credit report can cost you. If you’re like me, the first thing you ask is ‘How do I repair my credit report?’ Fixing your credit can take time and it may not be something you have to do before you get a home mortgage. Check your credit reports carefully and make sure they are accurate. Request that anything that is incorrect be removed. Once that is done the best thing you can do is pay your bills on time, lower your balances and make sure you close any accounts you don’t need. It can take time but it will be well worth the effort when you can qualify for a lower interest rate.
