CMT – Tips & Facts on Non-prime Mortgages

For hopeful homeowners with severely damaged credit, there’s a long road to travel to become “bankable” once again.

Thankfully, time heals all – even credit catastrophes. Those in “credit rehab” may find their mortgage options to be limited in the early days (typically because they don’t have a big enough down payment for a lender to take a chance on them). But there is light at the end of the tunnel.

The post that follows examines non-prime mortgage tactics and other “B” lending issues. We talked with Fred Testa and Greg Domville. Both are well-known brokers specializing in alternative lending (a.k.a. non-prime or subprime lending). They were kind enough to answer every question we threw their way.

Continue reading “Tips & Facts on Non-prime Mortgages”

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