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Subprime mortgage loans for less than perfect credit or damaged credit
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Subprime mortgage loans Subprime mortgage loans for less than perfect credit or damaged credit

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Less Than Perfect Credit : Subprime Loans

Damaged or Less Than Perfect CreditDamaged Credit: Sub Prime Loans

Consider a sub prime loan for several reasons, in a purchase transaction most borrowers can get into the home they want at today's price.
Once in the home a borrower now has an opportunity to clean up their credit, reestablish new credit and ultimately refinance into a lower rate at a later time. If the borrower already has a mortgage, a refinance to cash out equity to pay down higher rate credit cards, bankruptcy's, foreclosures or collections and liens is a great way to clean up a troubled credit history, save money each month and get back on your feet.
If your credit is truly damaged or less than perfect, you may need a "Subprime" loan. These sub prime loans may have higher interest rates, but they can often get you approved when no one else can.

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