Alternative Lending Mortgages
Alternative Mortgage Financing
More people are calling these days asking if we arrange mortgages with B lenders. Starting to believe more borrowers are not qualifying for traditional mortgage financing. If your bank has turned you down, a B lender mortgage solution, may be for you.
A mortgage, for a credit challenged borrower is B lending or Alternative Mortgage Financing.
B lending has become more common, because traditional requirements have become tightened. These mortgages are a good alternative. Priced on shorter terms, and from 1 to 2% above 5 year discounted rates. The draw back, is that they will not lend more than 80% of sale price on purchases. Refinances stop at 80% of the appraised value of the property.
A good mortgage broker will work with you providing insight and tips on how to edge up your credit over the term. If you do this well, you may qualify mainstream at lowers rates at the end of the term.
We at Mortgage Architects are instrumental by providing borrowers with solid alternative lending mortgages advice. We ensure borrowers get the best chance to qualify at lower rates at renewal time.
If you are credit challenged and looking to buy or refinance a home, be sure to contact us. Ask for a FREE NO OBLIGATION mortgage consultation.
You may call us directly at 1-877-237-2601