2 Thoughts on what is the difference between Alt B type mortgage loan and other types of mortgage loan?
  1. Reply
    She She
    May 18, 2011 at 9:03 am

    I am not really sure of your question..But if your asking what the difference between “A” loans and “B and C” loans are…Then it is the credit of the borrower..”A” loans usually have a little better rates and terms due the borrower proving good credit history..”B and C” loans are usually a bit more risky for the lender so they will charge the buyer a higher interest rate and perhaps less favorable terms..If you are getting a “B” loan make sure you understand the terms…OR you may regret it later..

  2. Reply
    May 18, 2011 at 9:36 am

    The difference is the level of credit history ,payment history and documentation type.. For example if your scores were 750 and your history is clean and you are showing all of your income you are considered an A or prime borrower. Now you may be considered a B borrower if you have 2 lates on your mortgage a 610 score and looking to go stated. At http://www.justgetaloan.net we have been able to assist out clients with finding low rate, great terms and service for their mortgages despite their credit level. Fell free to contact me at 866 530 7300 direct ext 7305 or by email at [email protected]

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