Since the foundation of our country, citizens of the United States have considered owning a home of his or her own the final chapter in realizing the American Dream. That dream, however, has become increasingly more difficult to make come true. Credit scores and income proof have complicated the process of owning a home, and today, many Americans are unable to purchase the home of their dreams as a result. Fortunately, there has been an increase in the number of agencies that provide financing for individuals whose qualifications are nontraditional.
Red Brick Mortgage is located in Columbus, Ohio, serving the needs of the sub-prime mortgage market. As a sub-prime lender, Red Brick Mortgage offers financing to individuals who do not come from a conventional credit or income background by most lenders’ standards. A nontraditional borrower can be anyone who has less than an A- credit rating, to individuals who work at home and have difficult to prove income.
Loans offered by Red Brick Mortgage
- Fixed and adjustable rate mortgages
- Debt consolidation loans
- LIBOR loan programs
- Land contract refinance
- Refinance packages
- Jumbo loans
- Bad credit
The sub-prime lending industry has become slightly volatile in recent years. Many companies have been taking advantage of individuals with less-than-perfect credit or hard to prove income by offering their services with inflated interest rates and expensive fees attached to their loan programs.
So, it has become increasingly more important to be cautions of being taken advantage of in the sub-prime market. It is also very important to understand that you will be paying to be granted financing, but you should not have to pay a fortune to be granted financing. Be wary of any seriously high interest fees, and ask around about a lenders’ reputation. If you are denied financing from a large company, ask them to refer you to a reputable agency that offers sub-prime loans, like Red Brick Mortgage.
Finally, it is important to understand that obtaining a home is a serious chance for you to gain control of your financial future. You can prove the fact that you deserve to be granted credit by learning to become a responsible consumer, and there is no better way to do that than by consistently paying your mortgage each month. Everyone deserves another opportunity, and thankfully there are companies like Red Brick Mortgage who offer second chances.
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