Before you go and take out a home loan, it is best if you do as much research as you can Try and see which company can give you the best deal. It is a very competitive market which means various companies may be competing for your attention and the various information they may throw at you may seem overwhelming. The mortgages you can avail may vary on your current credit rating. There is less interest rates for those who have good credit standing. But even those with bad credit can get a mortgage loan that is suitable for them. Once their credit rating improves, they can opt for a loan modification which can help them get a loan that will work well with their needs. It may take a few months to improve one’s credit rating but it is a possibility and there are companies that are willing to help you gain better credit rating.