A and B Lenders: A Quick Guide

Have you ever wondered about the difference between A and B lenders? Let’s break it down:

A for Awesome, B for Not Bad:

Remember, B doesn’t equal bad. Both A and B lenders have their strengths.

A Lenders’ Perks:

A lenders have the best rates, generally no fees, and straightforward qualification. They are ideal for those with steady incomes, good credit, and, in some cases, the self-employed.

B Lenders’ Edge:

B lenders may have higher rates and fees, but they shine in out-of-the-box qualifications. Perfect for the self-employed, commission-based, or those with unconventional income and credit situations. If your accountant is a wizard, and you show little to no income, B lenders are the go-to.

Beyond Bruised Credit:

B lenders aren’t exclusively for those with bruised credit. They offer flexibility in calculations and can significantly boost your qualifying amount.

Flexibility Matters:

B lenders provide flexibility with GDS and TDS debt ratios, making them a valuable option for tailored financial solutions.

Understanding Your Options is Key:

While B lenders sometimes get a bad rep, there are many benefits with them. In some cases, they may even be a better option than the A side.

Interested in getting a mortgage? Reach out.