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Sub Prime Lenders Who They Are Author David Schneider | May 23,2007 John had a credit score of 650, he had a regular job as a city bus driver and he had a good rental payment history. John wanted to buy a two bedroom condo that was reasonably priced and in good condition. When John applied for a mortgage, the lender told him that he didn't qualify because of his low credit score. John didn't give up. He went to a mortgage broker who found him a couple of subprime lenders who were willing to carry his mortgages as long as John didn't mind paying for the mortgages.   Subprime lenders are lenders who offer home financing to people who don't qualify for traditional prime rate mortgages. Some advertise themselves as a bad credit mortgage lender, while others don't label themselves at all. If you are looking for a subprime lender, then you can usually spot one by their higher interest rates and attractive closing fees. If you are close to qualifying for a prime rate mortgage, then you might prefer to work on qualifying for a prime rate mortgage or a first time homeowners program for people with less than perfect credit. It is to simply take the subprime mortgage because these types of mortgages will save you a lot of money in the end.   No matter if you are looking for sub prime lenders or prime lenders QuoteMatch.com can help you out. QuoteMatch.com is a mortgage quote referral service that will work to pair you up with lenders who want your business. Get your mortgage quotes today by going to QuoteMatch.com now. Print E-mail Del.icio.us Digg

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