The jargon is changing, but the underlying facts remain the same. These individuals all have Subprime mortgages.
Big Banks, Mortgage Companies, and other Lenders may have a new name for home loans offered to individuals without good credit, but aside from the name change very little is different about this type of loan.
Whether because of delinquent payments, collections, or other reasons, these individuals all have poor credit scores, most below 650, and many (28%) are lower than 600.
Being unable to qualify for a conventional mortgage, these homeowners have all had agreed to a Non-Prime, or subprime, loan. With interest rates often two to three percentage points above the prime rate, and some above fifteen percent, these individuals are paying for their past credit mistakes.
These individuals are excellent prospects for Home Loan Refinance Programs, Debt Consolidation, Credit Repair Programs, Secured Cards, and Catalog Cards.
This file is sourced from transactional data.
-
Contact Thomas@AzonicDirect.com today for all counts and additional inquiries.
-
©2021 Azonic Direct LLC
www.AzonicDirect.com |
