Can you get a second mortgage if you have bad credit?

Answer by  Annief75 (246)

In short, the answer is no. Not in these economic conditions. "Bad" is a relative term, however, so inquire with your lender to see if you qualify for a number of programs which could help you access some equity.

Answer by  Devin98 (487)

Depending upon how 'bad' you credit is, you would most likely not qualify for a second mortgage. If you have a border line credit rating, your chosen mortgage company may be able to help you in a different manner by refinancing your home and pulling out the equity you have available.