If you have experienced
credit difficulties in the past, we can help.
- Slow payments
- Late Mortgage
Payments
- Collections
- Charge-offs
- Bankruptcy
- Foreclosures
- Tax liens
- Repossessions
- Judgments
- Other types of
problems
All of
these past or present credit difficulties can be handled
successfully.
Universal Funding offers special loan programs for
borrowers with imperfect credit (also known as "B-C-D,"
or "sub-prime"). These programs are designed for
borrowers with less than perfect credit histories. Even
if you have less than perfect credit, Universal Funding
can help. We offer programs for purchase, refinancing,
or debt consolidation for all types of credit.
Although Universal Funding wishes it could publish an
easily understandable matrix of its "Customized Credit"
interest rates, there are frankly far too many
qualification variables to make this feasible. The
qualification variables include:
-
The
Amount of Equity in your Home
-
Borrower's Combined Debt-to-Income Ratio
-
Loan
Amount
-
Term
(length in years) of the New Loan
-
Credit Grade
A
computerized review of a borrower's credit history
creates a "Credit Grade." Credit grades are assigned
much like a report card; "A," "A-," "B," "C," etc. The
credit grade is a measure of your past payment history,
the number of credit accounts you hold, your potential
for borrowing, and even the number of inquiries to
credit reporting agencies.
You can
Apply online
or
contact us for a
FREE rate & payment quote based on your current
situation.
