NeighborWorks' Mortgages and Loan Education Pittsburgh PA

Subprime loans can be risky mortgages in the wrong hands, but you can learn to live with them. Get educated with about NeighborWorks' subprime mortgages through their Center for Homeownership Education and Counseling.

Local Companies

Access Mortgage Corp
412- 770-9116
429 Forbes Ave
Pittsburgh, PA
Aegis Mortgage Corp
412- 922-6837
875 Greentree RD
Pittsburgh, PA
Affordable Mortgage Advisors LLC
412- 561-3000
1910 Cochran RD Manor Oak 2
Pittsburgh, PA
Lynn Barney Financial Services, Inc.
412.681.8810
P. O. Box 81186
Pittsburgh, PA
1st Continental Mortgage of AP
412- 920-4900
200 Cedar Ridge Dr
Pittsburgh, PA
Eastern Savings Bank FSB
412- 788-1600
2000 Cliff Mine Rd (Park West Two Ste 400)
Pittsburgh, PA
A J Mortgage & Home Equity Inc
412- 798-5100
7890 Saltsburg RD
Pittsburgh, PA
Fidelity Savings Inc
(412) 367-9010
1009 Perry Hwy
Pittsburgh, PA
Mortgage Foundation the
(412) 363-9030
5700 Centre Ave
Pittsburgh, PA
Gateway Settlement Services
(412) 586-0658
1501 Reedsdale St
Pittsburgh, PA

provided by:http://www.deadlinenews.com/

by Broderick Perkins
© 2007 DeadlineNews.Com

Deadline Newsroom - Subprime loans can be risky mortgages in the wrong hands, but you can learn to live with them.

Education is the key.

Subprime mortgages are home loans that provide a home financing option for those who don't qualify for more conventional prime mortgages. Subprime loans typically are more expensive than prime loans, and they carry more risk.

But that's what makes education critical -- before you sign on the dotted line -- according to NeighborWorks America.

NeighborWorks America is a nonprofit organization that delivers financial aid and training to troubled urban communities.

A NeighborWorks-backed loan program serves 3,000 customers from subprime demographic groups. Yet it has a loan success rate that's nearly on par with the loan success rate for PRIME mortgages nationwide.

As of June 30, only 3.3 percent of NeighborWorks' borrowers were 30 days or more delinquent on their home loans. That's only slightly higher than the 2.6 percent delinquency rate, nationwide, for PRIME mortgages tracked by the Mortgage Bankers Association.

And, when compared with subprime loans nationwide, NeighborWorks loans really outperform. NeighborWorks' 3.3 percent delinquency rate is far below the more than 14 percent national delinquency rate for subprime loans. ...

Click to read this article from Deadline News

Featured Local Company

Access Mortgage Corp

412- 770-9116
429 Forbes Ave
Pittsburgh, PA