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What are steps to acquire a subprime mortgage?

In: Loans, Mortgages [Edit categories]

Answer:

When you are applying for a mortgage ask your lender about how to acquire a subprime mortgage. They will walk your through it and advise as to if this is the best option for you.

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Relevant answers:

What is subprime mortgage?
A subprime mortgage is for consumers who do not qualify for a conventional mortgage loan. Lenders consider these applicants as a higher risk. http://www.fixed-mortgagerate.com.
Is it smart to apply for a subprime mortgage?
If you can handle the terms of the subprime mortgage then it is ok. But you need to be sure that you have the money to cover it, because you are gambling with your future if you do not.
Percent of all mortgages that are subprime?
The numbers have not been quantified yet. But I believe it would be less than 10% of the US loans.
What are the different types of subprime mortgages?
Subprime mortgages are for those with a poor credit history, often 600 or below. The most common type includes the ARM, or Adjustable Rate Mortgage. The interest rate starts at low, but increases...
Who are the losers in subprime mortgage crisis?
Define loser and then consider the possible answers. In many ways people see the folks who are losing their homes as losers in this crisis. It should be remember that for every person who looses a...