This article highlights different ways to get a mortgage even if you have bad credit.

There are mortgages available for people with a bad credit rating if you know where to look. Perhaps you’ve missed a few credit card payments, had a County Court Judgment awarded against you or have.

Having a poor credit rating doesn’t mean you can’t get a mortgage and you’ll never own a property. You may even be afraid to approach lenders for a mortgage in case you get turned down and your credit rating taking another potential hit.

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A bad credit score could add an extra wrinkle or two to the mortgage approval process. "While getting a mortgage with bad credit is not always easy or optimal, it’s still possible under certain.

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2. Find a Bad Credit Mortgage Lender. If you have a credit score in the 600-700 range or above, you should be able to get a mortgage loan from one of the big banks, commonly referred to as "A lenders". If, on the other hand, you have a credit score below 600, most of Canada’s big banks will not approve you for a mortgage loan.

Mortgage Brokers vs. Banks for Bad Credit Mortgages. As someone who has bad credit scores, your options for mortgages are limited. To find success, you’ll need to cast a wide net and get quotes from multiple lenders who are willing to take you on as a customer.

 · Best Online Mortgage Lenders for People with Bad Credit LendingTree. For flexible mortgage options with less stringent credit requirements, check out LendingTree. The benefit here is that rather than serving as a direct lender, the LendingTree website aggregates multiple mortgage offers for you after filling out just a single application.

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Bad credit can happen to anyone. All it can take to damage your credit score is a few missed bill payments, some maxed out credit cards or even life circumstances beyond your control, such as divorce or serious illness.. When you have a lower credit score, it can be much harder to get a home loan. You might also be subject to higher interest rates and fees than someone with better credit.