At Mortgage Assistance we frequently work with customers who believe they can’t qualify for a low-rate mortgage because they’ve had credit troubles. Frankly, this is just not the case any longer. The truth is, lenders are more flexible than in the past.

In fact, about half of the people we work with who expect to be forced into a “sub-prime” loan actually qualify for a conventional bank product. The lending experts at Mortgage Assistance sometimes have the ability to “package loans” so attractively that a Hollywood make-up artist would be envious of how good we’ve made you look.

However, even when the banks won’t budge, we’ve still had great success providing our customers with satisfactory resolutions. You see, we have established close relationships with many lenders who specialize in providing loans to people with qualification issues.

“A” paper lenders (primarily banks) will review two years of credit history. So we often find an appropriate solution with loans that have a 2-year fixed rate. These are often called a “2/28” and are offered by “B” (or “subprime”) lenders. You might be surprised how close the rates on these programs are to the bank rates. So you may very well get an opportunity to get a good rate during your credit “clean-up” years. After the 2-year period—assuming you’ve paid your creditors in a timely fashion—we’ll refinance your loan to an “A” paper product. It’s really that simple and we do it all the time.

In addition to the 2-year fixed programs, many “subprime lenders” offer similar programs with a rate fixed for 3-years. Often, our customers like the idea of having the extra time to repair their credit.