Wednesday, May 26, 2010

Is there any mortgage companies that loan to high risk people?

Lending is a risk based business. You can find lenders who will lend to higher risk people, but the interest rate will be higher due to the risk, there will be a prepayment penalty so that you don't refinance with someone else as soon as your situation improves (guarding against what insurance companies call adverse selection), and you will likely have to have a substantial down payment or significant equity.



Is there any mortgage companies that loan to high risk people?

Yes, and they charge higher rates for it too.



Is there any mortgage companies that loan to high risk people?

Yes, but interest rates will be high. You should first contact a consumer credit counselor to fix your credit, then apply for a mortgage loan.



Is there any mortgage companies that loan to high risk people?

Yes there is, but be ready to get hit hard.. Usual the interest rates are huge, and it has a pre-pay penalty (I heard of some that last 5 years).. They like to stick it to you, then lock you in to the crappy loan for as long as possible. You may want to see what options you have to clean up your credit a bit first. It may take awhile to do, but can save you 10's of thousands (if not 100's) in the long run.



Is there any mortgage companies that loan to high risk people?

PSU/PRIVATE BANK GIVES/THEY TOO DO THE INSURANCE OF THE BORROWER/ TAKES PROOF OF INCOME TO RE PAY THE LOAN AMOUNT .KEEPING ALL LEGAL DOCUMENT RELATING TO MORTGAGED PROPERTY.WITH THE LENDER OF LOAN



THERE IS ALSO A WAY WITHOUT ANY INCOME U CAN REVERSE MORTGAGE U R PROPERTY GET EMI



Is there any mortgage companies that loan to high risk people?

http://www.diversifiedlender.com/



Is there any mortgage companies that loan to high risk people?

If it is for a house, the loan is secured by a trust deed, and you can usually get a loan, but the rate will be higher.



Is there any mortgage companies that loan to high risk people?

We just bought a house and we do not by any means have good credit. Our score is only in the 500 range. But we were approved our interest rate is a little higher. But it is still affordable we went thru coldwellbanker mortgage. We were surprised they approved us when others turned us down. We also did it for no money down. Good luck.



Is there any mortgage companies that loan to high risk people?

Definately. There are mortgages for almost all credit grades.



A good mortgage broker should be able to assist. I'm a nationwide mortgage broker and enjoy the success of helping those with less than perfect credit buy their own home.

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