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Bad credit home mortgage loan
A bad credit home mortgage loan is a type of loan that enables people to borrow money regardless of low
income, bad credit, poor credit score, or after bankruptcy. A bad credit home
mortgage loan is usually available the day after bankruptcy or foreclosure.
In order to differentiate a bad credit home mortgage loan from others, lenders
may offer them under names such as credit lending, prime market, or just bad
credit home loans.
Because these mortgage loans are granted to debtors with very bad credit, pricing
of bad credit home mortgage loans are higher as well as interest rates, origination
fees and "up front points" as compensation that a debtor must pay
to a lender for creating the loan mortgage transaction.
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