What is a good intrest rate for some one with bad credit?
I'm just wanting to know what a good intrest rate would be for someone wanting to buy a house but who's credit isn't that great.
Public Comments
- There are no "good" interest rates for people with bad credit. With the mortgage meltdown, folks with GREAT credit are having trouble getting financing. Someone with bad credit needs to forget about buying and focus on cleaning up their credit first. While prices are tumbling is a great time to do this, as the market will be recovering by the time you get your credit cleaned up. That way you won't be on the stinky end of the stick when you do buy AND you'll be able to get a decent rate.
