If you have bad credit, your options for a mortgage lender may be limited. For the most part, traditional mortgage lenders prefer applicants with a high credit score. If you do not match their criteria, you will likely have to obtain a mortgage from a subprime lender.
Subprime lenders provide a valuable service. Their goal is help those with bad credit and no credit get approved for a home loan. While most subprime lenders are eager to help, it is important to discern lenders that are trying to take advantage of your situation.
What are Subprime Lenders?
In a nutshell, subprime lenders approve mortgage loans to people whom traditional mortgage companies consider undesirable candidates. To get a loan through a mortgage company, bank, or credit union, appli View the rest of this article
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