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Bad credit

In recent years, there has been a new type of mortgage that has been gaining popularity.

It is called a "low doc" or bad credit loan, these types of mortgages usually come with higher fees and higher interest rates to offset the additional risk to the lender who is working with those with bad credit. But for many, these low doc mortgages are the only way people with poor credit or low incomes can get into the home of their
dreams.

 

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