There are also other loans available that offer low mortgage monthly installments and low interest rates with insurance policies attached that will pay your mortgage if you are sick, unemployed, in an accident and so on. 

On the other hand, there are mortgage loans that have high interest rates, high mortgages, and balloon payments attached. When balloon payments are attached to home mortgages it is almost guaranteed in a few years you will be searching for a solution to repair your credit. There are very few home lenders willing to tell you the truth about the variety of home loans available. Most of the lenders are making money and you are a source of income. 

It is important to scope the terms & agreements carefully as well as reading all fine prints on any loan contract before you sign. If you want to avoid bad credit and repair, you want to stay on the right path. Loans are agreements that are made between two parties and attached are interest rates and other fees. 

If you are applying for a home loan and want to avoid bad credit, it makes sense to learn what are the fees included and how much they are. Anytime you take out a mortgage loan there are upfront fees attached. In some cases, you can get a home for little or no cost. Searching the marketplace can save you time and money.       Some home loans offer an 'acceleration clause', which covers you if you miss mortgage payments. The lender will apply the clause by allowing you leniency providing you make payments the following month on time. This type of loan is great for avoiding bad credit, foreclosures, and repossessions. The marketplace is swarming with realtors and other sources that will help you get a mortgage loan affordable to you with benefits included.