Here's a mortgage application for people with bad credit
Best Mortgage Application for Bad Credit
Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically, with many even completely refusing to accept subprime borrowers. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders.When searching for a bad credit mortgage application, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is giant ING Direct. You can go here for ING DIRECT Bad Credit Mortgage Application. Simply click apply and you will be taken directly to the online application. They have the lowest rates for borrowers with poor credit, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis. They are still approving the majority of bad credit mortgage applications.
You need to be aware that there are many private individuals who
have entered into the business of allegedly providing loans to people with poor
credit rating. They thrive on offering bad credit mortgages to people who find
it difficult to get loans elsewhere. Beware of any non-refundable application
fees. This is often a scam. Also, always make sure that you read all the
bad credit mortgage application documents properly to avoid entering into an
agreement where the rate of interest as well as monthly payments are
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Finally, you may want to visit Mortgage Rates Predictions to find out if now is a good time to apply for a bad credit mortgage application.
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