NeighborWorks' Mortgages and Loan Education Saint Louis MO

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

Joyce Hunter, Mortgage Consultant
314-450-4016
8125 Delmar Blvd.
St. Louis, MO
Midwest Mortgage Capital
314-787-2900
1227 Fern Ridge Pkwy Ste 200
St. Louis, MO
American Home Loans
314-835-0301
10777 Sunset Office Dr
St. Louis, MO
First American Lending
314-692-0444
2388 Schuetz Rd
St Louis, MO
The Mortgage Factory
(314) 991-2448
11710 Administration Dr
Saint Louis, MO
Heartland Mortgage
(314) 994-6500
9925 Clayton Rd
Saint Louis, MO
Beechwood Investment Co
(314) 961-2535
1503 S Rock Hill Rd
Saint Louis, MO
Mortgageteam Inc
(314) 832-8326
3470 Hampton Ave
Saint Louis, MO
Cfic Home Mortgage
(314) 534-3220
4140 Lindell Blvd
Saint Louis, MO
Andrews Financial Services & Automatic Bill Paying Service
(314) 727-2255
Saint Louis, MO

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. ...

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Featured Local Company

Joyce Hunter, Mortgage Consultant

314-450-4016
8125 Delmar Blvd.
St. Louis, MO
www.FastMortgageLoanApprovals.com