A subprime mortgage loan is usually referred to as "specialty financing" or "a loan for someone with less-than-perfect credit." If you have a bad credit record due to bankruptcies, late payments, or other tarnishes, then it may be your best chance for a home.

Before one applies for a subprime mortgage loan, it is sensible to verify whether the information in your credit report contains no mistakes that could tarnish our credit history and result in a loan with a much higher interest than one the person deserves.

Through Ocean Pacific Capital, we will help you obtain the best subprime loan with the most favorable terms and least pre-payment penalties for your case.

The biggest drawback of a subprime mortgage loan is interest rate can be 5 or 6% higher than the usual rate. However, borrowers who are wise, will have cleaned up their credit record, and in a year or 18 months, they start looking around for a lower rate to refinance their house.

With your present situation, you can decide whether it is best to get the higher rate mortgage now, or wait for your credit situation to change. Call us today toll-free at 1-800-595-1474 or use our online loan application so we can help you with your subprime loan.