What exactly is sub prime financing? - Posted by Neil

Posted by Ed Garcia on January 27, 2001 at 20:50:22:

Neil,

Excuse me but you said, I have found some sub prime lenders. Then you ask how hard are they to find. Neil I’m going to have to stick with my story that I’ve been telling everybody, and that is a GOOD MORTGAGE BROKER, is suppose to provide this type of financing. What Sub-Prime loans are, are loans written to borrowers who don’t qualify for Fannie Mae/Freddie Mac, or conventional financing, that are made, and eventually sold to wall street.

Ed Garcia

What exactly is sub prime financing? - Posted by Neil

Posted by Neil on January 27, 2001 at 09:29:44:

I am new to REI and have been looking for ways to get financing. I have had some difficulty in finding hard money lenders but I have found some sub prime lenders. My question is how hard is it to get sub prime financing and can you get it with bad credit and little cash for down payment. Any replies will be greatly appreciated.