People caught in this dilemma are unable to secure financing at the most favorable rates. Today, borrowers who would have been denied mortgage credit a few years ago, have solid options available to them, and are taking advantage of these opportunities. We specialize in securing subprime financing for borrowers with the most favorable rates in today's subprime market. These grades indicate past or current problems ranging from minor late payments to recent bankruptcies or foreclosures. Subprime also includes un-conventional mortgage products such as Stated Income, No Income and No Documentation.
Adjustable rates seem to be the popular choice.
Subprime market interest rates will be slightly higher when compared to the prime market. Fidelity Mortgage Services, Inc. can help you determine what credit grade you will be, which will determine your interest rate.