If you’ve had previous instances of missed payments on credit and you’re considering a move to a new home, it’s essential to be aware of the potential impact on your mortgage application. Missed payments on credit can have a negative effect on your credit score, which lenders use to assess your creditworthiness. A lower credit score can make it more challenging to secure a competitive mortgage and may result in less favourable terms. However, it’s important to note that different lenders have varying criteria, and some may be more lenient when it comes to prior missed payments. At OpenDoor Mortgages, our aim is to offer expert guidance and connect you with lenders who are open to accommodating your specific situation, even if you’ve encountered challenges with missed payments in the past.