A person with a bad credit score can hardly imagine getting a loan with a nominal rate of interest. He is either denied a loan or charged exorbitant rate of interest for the high risk factor he contributes. To get away from these hassles, he can resort to a mortgage loan. Same property is used as collateral for a mortgage loan. Mortgage lenders charge a very nominal rate of interest and charge a minimal premium for the associated risk factor.
Citigroup incorporated in the US tops the list of mortgage lenders. This bank operates branches across 100 countries, serving more than 200 million customers. Its excellent customer relations management and variety in mortgage loans schemes makes it the most preferred among mortgage lenders. It offers complete solution to all kinds of credit requirements at a fast pace. Citigroup tops the revenue chart with its total asset value of trillions of dollars.
Bank of America:
One of America’s leading banks, Bank of America is the second best in the Forbes list of Top Mortgage Companies. It offers mortgage loans and other categories of small loans. They are currently leaders in the credit card business. Mortgage loans are available at no application or processing fee. It requires no mortgage insurance. This bank offers the best value guarantee with a real time status update.
Wells Fargo Bank:
Wells Fargo a leading mortgage company in the US. It is famous for the whopping 1000 branches network it operates in the US and the rest of the world. Serving more than 23 million customers it is the 5th largest mortgage bank in the US.
This fourth largest bank in the US provides a step by step guide to the customers in availing a mortgage loan. The ‘Move Easy with Wachovia’ schemes offers moving services to its customers at no extra cost and offers cash rewards to its customers on availing the services of their network agent for home loans.
One of the leading bad mortgage lenders Banco Popular is the largest bank in Puerto Rico.
Golden West Financial:
The third largest loan corporation, which is one of the best mortgage lenders, concentrates mainly in home loans.
BB & T:
They offer loan solutions ranging from student loans to home and business loans. It spreads its wings over a variety of customer services from credit cards to insurance. Offers complete service solution.