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It is possible to get preapproved for a home loan with poor credit, but it isn’t easy. Be clear about your credit score, how you got there and what you’ve done to rectify any hardship scenarios.
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A mortgage pre-approval is a written statement from a lender that signifies a home-buyers qualification for a specific home loan. Income, credit score, and debt are just some of the factors that go into the pre-approval process.
Check out this step-by-step guidance on how to get pre-approval for your home mortgage.. 6 tips for getting approved for a mortgage . FACEBOOK. you can work on improving your credit.