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Pros & Cons of Bad Credit Mortgages [Infographic]

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So what exactly is a Bad Credit Loan? Bad Credit mortgages are registered mortgage loans that are approved on criteria other than your Beacon Score or overall creditworthiness. Generally, these mortgages are shorter-length mortgages with higher interest rates, set up fees, and closing costs than standard mortgages. This infographic from Mortgage Broker Store takes a look at the pros and cons of bad credit mortgages:

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