Before you could visit the lender for a mortgage deal on your home, you were not very sure of the kind of deals that you could clinch. The primary obstacle, as you felt, was your bad credit history. To add to the fears, there were a few friends of yours who held that the deals offered to you will not be at par with the regular mortgages.

Nevertheless, before you decide not to mortgage in apprehension of bad deals, let us make it clear that mortgages generally do not give much importance to bad credit history. Through this article, we will inform borrowers of bad credit mortgages which are basically mortgages for the people with bad credit history.

Why does the loan provider ignore bad credit history while offering bad credit mortgage? Do they not fear for the non payment of the amount lent? Borrowers with bad credit history do pose a risk on the loan provider. It is difficult to say that an individual will not default this time, when there have been several instances of defaults in the past.

Therefore, how loan providers, who are considered astute financers, agree to lend to borrowers with bad credit is open to questions. However, it will be incorrect to term this as a generosity of the loan providers. The decision to lend bad credit mortgage is primarily influenced by the credit score of borrowers. Credit score is prepared by taking into account the borrowers