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 Non-conforming lending refers to people who are unable to obtain finance through a bank or prime lender.
This usually means that the persons credit history has something on it that causes them to be outside the lending criteria of the bank.
Fortunately, there are many different avenues to obtain finance for this situation.
Interest rates are usually calculated on a risk-weighted basis meaning the worse the credit history the higher the interest rate.
For those who have fallen of the rails and need to get back on track a non-conforming loan can give them the opportunity to clean up their credit and start over. |
Should you have any further questions please click here to email us. |
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