subject: Mortgages for People with Bad Credit Score [print this page] There is another alternative which is to try to improve the credit score by keeping up with the payments and applying a bit later, usually at least 6 months. However saying this is much easier than people with financial problems to suddenly start keeping up with their payment without a change in their circumstances. So even though they may be charged higher rates and face special conditions, a mortgage (or refinance mortgage) would allow them longer time to shape their finances.
