Bad Credit Broker and Lenders
Second mortgage lenders can help you in reducing your monthly payments by offering you a 2nd mortgage loan. The following is important information about 2nd mortgage loans and lenders.
Lending Tree connects you with a number of financial institutions that will give you their loan rates rather than offering you actual loans. After speaking with four or five financial institutions, you can select one company that you are happy with for your loan needs. Apart from mortgages, Lending Tree also offers information on home equity and personal loans as well as the ability to list your home for sale.
Finding mortgages for people with bad credit is not an easy task. The following are a few tips that can help you in finding mortgages even when you are suffering from bad credit:
Generally, a stated income home loan means you can get a loan without having to verify your income or assets. Stated income home loans are only offered to individuals whose credit rating is excellent. Stated income home loans are suited for individuals who are self-employed and need money urgently.
Even if you are suffering from bad credit there are lenders whose main objective is to help people with bad credit. These lenders, known as subprime lenders, will help you in securing a mortgage deal. However, you need to pay high interest rates compared to other mortgages when your credit rating is not good.