mortgage credit risk

LoanWeb Quick Quote

 

 

mortgage credit risk

 

 

22. Credit risk

 

Banks and other investors loan money to make money.  If there is some risk of not being paid back,  the lender will want a higher interest rate to offset the cost of those loans that go sour.  The higher the risk, the higher the interest rate.   If you are considered too high a risk, lenders may not loan you money no matter how high a rate they can charge.

If  your credit rating is not stellar, talk it over frankly with the broker or lender you hope to deal with.  They may still have some loan package that is suitable.  If not, try another lender or embark on a credit improvement campaign.

 

 

 

Lenders  will compete for your business if you click below to apply online for your mortgage through our preferred affiliate, LoanWeb.com:

LoanWeb Quick Quote

 

 

 

Go back to the mortgage information index page.

 

 
 

 

Cities Commerce

 

home  markets  e-commerce  shop now !  e-commerce now    

 Click for our Privacy Statement

e-mail our webmaster at CitiesCommerce.com with your feedback or questions and comments about this web site.

All company and product names may be trademarks of their respective companies.

Copyright 2001 Cities Commerce Corporation