Subprime Hybrid Mortgages

Hunter Lending Team

Published on: 22/08/2024

Subprime hybrid mortgages offer temporarily low rates for borrowers while they work to rebuild their credit. With a sub-prime hybrid mortgage, you don’t have to pay PMI, saving hundreds a year. After two or three years of on time payments, you can then refinance for conventional mortgage rates. Hybrid Mortgage Basics Since so many people refinance their home loans after they have reestablished their credit, lenders created a mortgage to offer maximum flexibility for bor...

Mortgage Blogs

Subprime Mortgage Lenders - Sub-Prime Loans Now Available Through Traditional Lenders

Hunter Lending Team

Published on: 22/08/2024

Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates. Your Credit History A poor credit history doesn’t have to send you running to sub-prime lenders. For one, you may still qualify for an A loan, reserved for people with good credit. If y...

Mortgage Blogs

Bad Credit Home Financing - Choosing A Subprime Mortgage Lender

Hunter Lending Team

Published on: 26/07/2024

In the early nineties subprime mortgages accounted for about five percent of all mortgages. Today the subprime mortgage loan sector comprises more than twenty percent of the mortgage market. With this explosion of subprime mortgage lenders and brokers, it is important to know what to look for when choosing your lender. Not only do you want to be sure that you are getting the best deal possible for your subprime mortgage, you also want to know how to avoid falling prey to a pr...

Mortgage Blogs

Subprime Mortgages – Low Down Payments And No Pmi

Hunter Lending Team

Published on: 23/07/2024

Sub-prime mortgages offer financing for those with poor credit to finance the purchase of a home. Today’s sub-prime mortgages offer low down payment options with no private mortgage insurance (PMI). As a result, more people are finding it easier to buy a home.

Mortgage Blogs