Community Pitch

If you have lost your job, had unforseen medical expenses, gone through a recent divorce or any other major negative life event, chances are your credit has been disrupted. None of these should keep you from looking for a new home however. There are more mortgage loans with bad credit available now than ever before. You will need to be prepared and learn all you can about these programs before you make a final decision on one that will work for you. Things to keep in mind are how much you can afford per month, how long you will be staying in your home (this can determine an ARM or Fixed Mortgage) and how bad your credit really is. Be patient and persistent and you will be able to find something that will work for you.