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So you feel you got a bad credit mortgage loan with a high mortgage rate. It's common for mortgage companies to assign a grade to your loan, no matter your credit history. The higher the grade the better the mortgage interest rates are likely to be.
Keep in mind that lenders have their own guidelines. If you think you got a bad credit grade and a higher mortgage rate, you may want to shop around. The grade is based on solid evidence in your own credit history. The lender looks at payment history, amount of debt payments, bankruptcies, and your credit score from a major credit reporting agency.