Comments on: Black And Brown Aint Good Colors In The Mortgage Industry http://www.mortgagelowdown.com/2006/09/black_and_brown.html News, tips and resources Tue, 06 Jan 2009 11:06:24 +0000 http://wordpress.org/?v=2.5.1 By: Mike http://www.mortgagelowdown.com/2006/09/black_and_brown.html#comment-27 Mike Wed, 04 Oct 2006 00:46:03 +0000 http://www.mortgagelowdown.com/2006/09/black_and_brown_aint_good_colors_in_the_mortgage_industry.html#comment-27 Recent research reveals that subprime mortgages are three times more likely to happen in minority neighborhoods. Even affluent minorities are more likely than whites to take out subprime mortgages. Those who are most likely to get subprime first or second mortgage are: • minorities • recent immigrants • first-time home buyers • older female borrowers Some experts believe that as many as half of those who get subprime financing could actually qualify for conventional financing at a lower interest rate. To see what kind of mortgage rate you could qualify for, get a free quote at Low Owe. Recent research reveals that subprime mortgages are three times more likely to happen in minority neighborhoods. Even affluent minorities are more likely than whites to take out subprime mortgages.

Those who are most likely to get subprime first or second mortgage are:
• minorities
• recent immigrants
• first-time home buyers
• older female borrowers

Some experts believe that as many as half of those who get subprime financing could actually qualify for conventional financing at a lower interest rate.

To see what kind of mortgage rate you could qualify for, get a free quote at Low Owe.

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