mortgageGetting Mortgage loans is a serious issue because these are very long term loans. These long term loans can span from 1 - 2 years to a very long amount of time which spans up to 20 years. It all depends on how much people can place in their down payment. The more down payment amount they place under for their home, the lower their mortgage is because they will not need to borrow as much money to afford to buy their house. People with poor credit might have trouble getting any of these loans because of the fact that this is a long term loan and banks who hand out loans will not feel confident with the fact that they will be able to consistently pay off the mortgage loan month by month if they have had debt issues in the past. People with these issues need a mortgage for bad credit.