B/C Loans By Mortgage New Port Richey

B/C Loans By Mortgage New Port Richey

What Does B/C Loan Mean?
A classification of loans associated with the borrowers that have credit problems or limited credit histories. Generally, B/C refers to any loan that is classified as subprime, or a "B" or "C" class loan.

Within the subprime sector borrowers are graded according to their credit history. Different lenders have different grading systems based on different credit requirements. One subprime lender might have a grading system with classifications designated as A to C minus, while another subprime lender might have a grading system with classifications designated as Premium to C which all fall within the subprime sector.

No matter what your credit rating is Mortgage New Port Richey can help you on the right path to owning your own home. Contact us today for your free credit evaluation!

Last Updated (Friday, 06 November 2009 17:19)