There
is hope for many borrowers who cannot quality for a typcial mortgage due to the
new lending rules. WJ Bradley Mortgage Capital, a Colorado home loan originator,
considers those who are left in the dust by the new rules to be the perfect
opportunity.
According to an article on Reuters, WJ Bradley will welcome borrowers who have debt-to-income ratios and FICO scores that are outside levels required for typical agency home loans. They will begin lending around the US in the next month or so. WJ Bradley plans to offer one type of loan to begin with a 5/1 ARM, an adjustable-rate mortgage that has a five-year introductory fixed-rate period before it adjusts once a year thereafter.
Struggling to
find buyers that qualify? RealTAG gives you the real estate content that drives
consumers to your site, and gives you an inside look at their financial
situation. Close more real estate deals and generate qualified leads by
contacting RealTAG today!
No comments:
Post a Comment