Bad Credit - Sub-Prime Mortgage Loan

Cost: The cost varies according to loan, lender and borrower.

Consumer: Those with less than perfect credit who are seeking a mortgage.

The purpose of a Sub-Prime Mortgage Loan is so that those who have had past credit problems can qualify for a mortgage.

Pros: There are more people in this world who have less than perfect credit than there are people who have sterling credit histories. There are as many reasons for credit problems as there are people who have credit problems and credit problems can come in several different forms. For example there are those who have a history of making payment late, there are those who have a history of defaulting on loans, there are those who have had liens placed against property and there are those who have had to declare bankruptcy in the past. Although there are varying degrees of credit problems (and even no credit history is a credit problem) all credit problems make it much more difficult to secure a mortgage.

That is where America's Lending Partner can help. At America's Lending Partner, a consumer who is interested in a mortgage but who has a credit history problem can ask for and receive up to four bids from lenders who are willing to make sub-prime loans. A sub-prime loan means that the interest rate is higher.

Cons: Most lending institutions provide sub prime loans.

Guarantee: There is no guarantee offered and none would apply.

Value for money: It isn’t possible to determine a value because there are too many variables.

Where to buy: America's Lending Partners was founded in 1999 to provide homeowners and homebuyers with a fast and convenient way to get a great deal on a home loan.

Since its inception, ALP has served more than 600,000 homeowners and is a respected leader in the mortgage industry. America's Lending Partners is built upon the essential core values of knowledge, integrity, experience, service and trust.

Bad things can happen to good people. Complete one form and America's Lending Partner's free service will match you with up to four lenders who will give you the credit you deserve.