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Hi Cliff. I just read the article regarding the Sub-prime lenders for peop

Hi Cliff. I just read the article regarding the Sub-prime lenders for people with mortgage charge offs. My hubby and I have a HELOC from a foreclosure 3 years ago and we want to buy a home. we have good credit and $ down and qualify for a home loan, however, the only issue is the HELOC and the agreed to settle but that would take all our down payment $. If we could get into a Sub-prime loan that would be great! Can you tell me about that?

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Asked on 10:32 pm Sep 14th 2011
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Anonymous
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Hi Guest,

Sub prime loans are not available these days. Lenders have stopped giving such loans after the crisis in the mortgage market.

 


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Answered on 12:49 am Sep 15th 2011
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adonis
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