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What are the reasons in which a person would apply for a subprime mortgage?
Wiki User
∙ 12y ago
Subprime mortgages are for people with lower or worse credit ratings, its more of a second chance than anything. You would apply for one if you have bad credit and need a home loan, it does have higher interest rates though.
Wiki User
∙ 12y ago
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Does Respa apply to subprime mortgage loans?
Yes.
Is it smart to apply for a subprime mortgage?
If you can handle the terms of the subprime mortgage then it is ok. But you need to be sure that you have the money to cover it, because you are gambling with your future if you do not.
How can one apply for a subprime home loan?
You can use a mortgage broker who can access a subprime lender database to locate lenders that meet your requirements. Once a lender is identified, complete the residential mortgage application and federal/state disclosures.
How can someone apply for a government mortgage?
There are many websites that can be researched online where a person can apply for government mortgage. Go to Quicken loan they can a person get started.
Where can you apply for a second mortgage when your beacon score is 500 and what is your best option?
You need to go to a Subprime lender. Not sure if they can help you with 500 credit score though. Good Luck!
Where can one apply in person for mortgage advisor jobs in Baltimore?
There are many mortgage advisor jobs one can apply for in person in Baltimore. One can apply at various financial institutions or mortgage brokers throughout the Baltimore area. One can also apply at many investment companies such as Edward Jones. One can find jobs on websites such as Monster and Indeed and apply in person as well.
Can you apply for a Bank of America mortgage online?
Yes you can but you have to be careful. if you want to learn more about the details of the mortgage it is much better to go to the bank in person and apply.
How could one apply for a 2nd bad credit mortgage in the UK?
Someone can apply for a second bad credit mortgage in the United Kingdom online. A person what has bad credit, they can still apply for a mortgage in the UK by filling out the application they can print online or get from a bank.
How do you apply for Barclays mortgages?
There are several ways that a person can apply for a Barclay mortgage. One way is to apply online from the companies website. Another way is that a person can go to their offices and fill out an application to apply.
What are the necessary documents needed to apply for a mortgage?
There are many necessary documents that are necessary for a person to apply for a home mortgage. One needs W-2's, Tax documents, paycheck stubs, and investment papers.
How could you apply for a Wells Fargo mortgage?
In order to apply for a Wells Fargo mortgage, you must go to a Wells Fargo bank. You will talk to a person in charge of the mortgages. Don't forget to take all of the necessary paperwork.
What are the steps in getting a 2nd mortgage?
You will have to contact a financial institution to apply for a second mortgage. After approval, each institution will have a different process and rates. A mortgage broker would also be a good person to speak to.
