WHAT IS A “Non-Conforming” MORTGAGE?
Non-Conforming lending is a segment of the mortgage market dedicated to providing alternative home loan solutions to borrowers who are unable to meet the traditional lending criteria.
A bad credit loan is the kind of loan you may need if you require credit and your credit history is less than perfect. But it’s nothing to be embarrassed about. Specialist lenders deal every day with people who have had hiccups in the past with their finances. That’s why specialist loans are available in the mortgage industry. It’s a way to access funds and helps customers rectify their current situation and, at the same time demonstrate to future lenders that you’re now able to manage your personal finances appropriately.