Sub-Prime Market loans

By
Mortgage and Lending with Prime Mortgage Network, Inc.

 

  I'm sure you all have heard the stories about sub-rime lenders closing.  Please be aware that what has always been a risky loan avenue has become even more of a gamble.  Sub-prime lenders are changing guidelines daily.  So, if you have any "B C" type loans, make sure your loan officer keeps you informed on the process.  What was an approved deal just days ago, can be turned down today.

Comments (1)

Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

Jeff,  I've been hearing more and more closings being missed due to subprime lenders bailing. 

Welcome to Active Rain.  I'm glad to see another person from Georgia.  I'm over in the Sandy Springs area.

Mar 19, 2007 08:58 AM