Even though many brick-and-mortar banks consider clients with poor credit to be a risk that is much higher, you will find lenders that are ready to extend loans to clients, no matter how their payment history looks. One alternative is actually contacting a reputable and trusted mortgage broker, such as ResCom Mortgage Solutions, Inc. We, along with our lending partners, look for things including income range, employment type, and if the applicant is a first time buyer, and take these things into consideration, instead of just looking at your credit score. Our agency actually specializes in bad credit mortgages in Courtenay, and with over thirty five years of combined experience, we find a perfect solution for your mortgage requirements.
At ResCom Mortgage Solutions, Inc. we have an amazing reputation within the mortgage industry, and with our current and previous clients. Over the years, smart and savvy potential home buyers have placed their trust in us to attain bad credit mortgages in Courtenay, and throughout the entire region. It’s not so surprising that with the economy the way is stands today, bad credit mortgage loans are growing in popularity, especially with the new restrictions that have been placed upon traditional banks regarding their lending practices. And banks are even placing more stringent requirements on themselves, as well. Even folks with good credit are finding it more difficult to qualify for a bank mortgage.
Mortgage brokers can be useful in several ways, as they help prospective home buyers find competitive interest rates and terms. Brokers maintain contacts with various financial establishments and save customers precious money and time. Several lenders work solely with brokers, and they have access to a big pool of borrowing solutions. There is a distinction between financial establishments and mortgage brokers in that the brokers work as intermediaries between home buyers and lenders. It is our duty to figure out which financial institution is actually the very best option, depending on the customer's credit profile and loan purpose and requirements.
Even though many borrowers apply for mortgage loans with banks and credit unions, bad credit applicants tend to be turned down and search for alternative lenders and solutions with our professional mortgage professionals. The best part is there are actually bad credit mortgage lenders that offer fixed and adjustable rate solutions to clients with various credit profiles and payment histories. Subprime lenders provide loans with various repayment terms to high risk borrowers. Subprime mortgages can also be available to borrowers with a record of defaults, foreclosures, arrears, and delinquencies with many other choices left to finance the purchase of a house.
If you would like some additional information regarding the benefits of our bad credit mortgages in Courtenay, ResCom Mortgage Solutions, Inc. would like to invite you to visit our website. At rescommortgage.com, you can begin the loan process directly on our site. Please also leave your contact information, along with any questions you may have. You can also simply call us at 855.585.2080, and speak with one of our friendly and knowledgeable mortgage specialists.Bad Credit Mortgages Courtenay