Most people that call a Mortgage Broker with a bad credit mortgage questions are doing so because they have went through something or many things that has left them in a position where their bank has said no. First thing you should do is call me or any mortgage broker to get a free assessment of your financial position. A good mortgage broker should be able to asses a plan of action which could include obtaining a 2nd mortgage or refinancing your current mortgage with a B-Lender or lastly a new 1st private mortgage lender.