Sub-prime lenders now offer financing packages with zero down. Interest rates are higher on these types of loans, but they make purchasing a house easier. And unlike a conventional loan, there is no private mortgage insurance required. There are two types of zero-down mortgage packages, each with their own requirements. Types Of Zero-Down Loans 100% financing, as it names implies,…
Tag: Sub-Prime
What Is A Sub Prime Loan
A sub-prime home loan is designed to service those individuals and families who have credit problems. The severity of the credit problems and the length of the problems will determine whether or not you are a candidate for a sub-prime loan. There are some individuals who may not qualify even for this type of loan. The sub-prime home loan market…
Subprime Mortgage Lenders Sub Prime Loans Now Available Through Traditional Lenders
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates. Your Credit History A poor credit history doesn’t have to send you running…
Home Refinancing For People With Bad Credit Who Qualifies For A Sub Prime Mortgage Loan
Sub-prime mortgage loans gives people options, including those with bad credit. Sub-prime lenders don’t have to follow conventional underwriting rules, so they can work with anyone, regardless of their credit background. They can also provide more lenient terms than traditional lenders. Qualifying For Sub-Prime Financing Basically, anyone can qualify for financing with a sub-prime financing company. No matter your credit…
What Does It Feel Like To Be Refused A Mortgage
Have you ever been refused a mortgage? You would be surprised just how many people face the frustration of a negative decision on their mortgage applications – the feelings it creates vary, from panic through to sheer incomprehension. While it’s never pleasant to be told you can’t get a mortgage, it’s worth considering the situation from the lender’s point of…
Sub Prime Mortgage Loans Qualifying For A Mortgage With A Foreclosure Or Bankruptcy
Qualifying for a sub-prime mortgage loan with a foreclosure or bankruptcy in your credit past is just a matter of finding the right lender. As long as you have a regular source of income, you can qualify for a mortgage. The real issue is about qualifying for low rates. But there are ways to improve your mortgage application. Ways To…