The advertisements you are reading are just that, advertising. Advertising designed to make a company's phone ring. While "less than perfect" covers a lot of territory, I would be very leery of any mortgage company that seems to have something the others don't. There are only two kinds of money right now for residential lending, FHA (government loans) and Conventional or Fannie Mae/Freddie Mac, loans. Neither of them allow for what used to be termed "sub-primeâ€ credit.
Also the premise about refinancing when your credit score goes up should be a huge red flag. That assumes you can get a loan to begin with given spotty credit. It's kind of the mortgage version of the "Hide the Pea Under the Sell Game",. It's sleight of hand.
If you have any other questions, please donâ€™t hesitate to call or visit our website shown below.
Forefront Real Estate
154 W. Foothill Blvd #A308
Upland, CA 91786