How many times has a customer come into your office and say their credit was not the best? Yet, they wanted to purchase a home. How did you handle this particular situation? The last few times when I was giving a seminar, someone invariably asked me the question should they purchase a house when there credit was bad. Based on my experience and all of the literature out there, I prefer that a consumer waits until they have gotten their credit cleaned up and they can receive a good interest rate. Otherwise, they could end up in a situation where the interest rate on the loan they receive is too high. Then they end up not being able to afford a home. What is the benefit to being in this situation? As far as I could imagine, there is not any. How do you handle customers that come in with bad credit?
