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Subprime Mortgage Loan We analyze lenders based on:
- Does the lender have a "damaged credit" or subprime
mortgage loan program?
- Are they popular among other borrowers with bad credit
history?
- As a lender, are they solid? Reputable?
- Other factors
Subprime mortgage lenders can help you finance a home even after
a bankruptcy or foreclosure. Avoid predatory lenders by
using reputable mortgage companies and comparing rates.
Recommended Subprime Mortgage
Lenders:
See below for the Most Reputable Lenders:
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When applying for a bad credit mortgage loan, make sure you are current on your existing credit lines. You will want your current credit to be as good as possible.
Also, make sure to include all the income you have. If you have any equity in any stocks or other financial accounts, make sure to mention that to the broker as well.
The more money you can put down on the loan, the more likely it is that you can get approved. FHA loans usually only require 3-5% down. They are also usually open to working with people with credit problems.
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