Subprime mortgages are loans specifically designed for individuals with less than perfect credit scores. Each person has their own unique credit history, and subprime loans are designed to aid those people in reaping the benefits of owning a home.

Financial Partners is here to help you make informed decisions about your mortgage and can help match you with a mortgage even if you have less than perfect credit. You can contact a representative or start the process yourself by applying online.

The difference between a subprime mortgage and a conventional mortgage is the rate that you will receive. Because there is a greater risk on the lender, the rates for subprime loans tend to be higher than conventional loans.

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At Financial Partners we want to work with you to find the right loan specific to your needs. We want you to take advantage of all the loan opportunities available to you and will only suggest a subprime loan if it is the only option. Many times, individuals who think they have troubled credit can take small measures to improve their scores in a very short time period and thus take advantage of lower rates with more conventional loans.

But if a subprime loan is what you need to get the home you want, Financial Partners helps find the one that best fits your needs and puts you back on track to improve your credit.

Additionally, the interest charged on a home equity loan is often deductible from your taxes. While this is the case in many instances, please check with your tax advisor for your individual situation before taking out your loan.