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Meet the 'last-resort' mortgage lenders rising from the ashes of the financial crisis to help underqualified borrowers buy a home
10 days ago - By Business Insider
A suburban neighborhood. buzbuzzer / Getty Images
Demand for mortgages has boomed during the pandemic.
So has the number of self-employed people, a group that often has trouble qualifying for a mortgage.
As a result, unconventional mortgages are gaining traction, while other home lending plummets.
The number of Americans who have trouble landing a mortgage is on the rise, and a group of niche lenders are cashing in to help. Sprout Mortgage, Angel Oak, Carrington, and Athas Capital Group are four of the lenders who promise to help borrowers without a W-2. They offer competitive pricing and...
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