Nowadays, having bad credit does not necessarily mean that you cannot be approved for any type of loan or that you would only be approved for a loan if you agree to pay sky-high interest rates. As a matter of fact, a lot of lending institutions today specifically cater to individuals who have a poor credit history.
This is why the need to compare mortgages rather than just take one from your bank is greater if you have bad credit. Through comparing loans for purchasing a home, you would be able to make sure that the home loan you would be getting would come with an interest rate and monthly payments that are reasonable and manageable based on your financial capabilities.
To make the process of comparing home loans a lot easier, it would be best to first: check your credit score and come up with ways to improve it; come up with a budget on how much you could afford for the monthly payments; prepare the most amount of money for the down payment since the larger the down payment you can make, the lower rate you can get; and get all the important information about each of the home loans you are considering including their interest rates, payment terms and other fees and costs that you may be charged once the loan is approved.