New
Century Financial Corp
New Century Financial Corporation, founded in 1995,
is a real estate investment trust and one of the nation's largest
non-prime mortgage finance companies, providing first and second
mortgage products to borrowers nationwide through their operating
subsidiaries, New Century Mortgage Corporation and Home123.
New Century Financial Mortgage Loan Options
New Century Financial Corp. offer mortgage products
designed for borrowers who generally do not satisfy the credit,
documentation or other underwriting standards required by conventional
mortgage lenders and loan buyers, such as Fannie Mae and Freddie
Mac. New Century Financial has achieved this by seeking to look
beyond the credit (FICO) score and emphasize borrower education,
rather then just through higher interest rates.
They strive to continuously meet and exceed the expectations
of each and every customer and business partner by: providing loan
originators and borrowers with competitive rates, a variety of loan
programs and services that are prompt, courteous and responsive
to the unique characteristics of every customer; delivering what
they promise to investors; providing associates with a work environment
characterized by communication, teamwork, opportunities for growth
and rewards for performance; and delivering superior returns on
the investments of their stockholders.
New Century Mortgage offers a wide variety of mortgage
products, but it's main niche is the non-prime borrower, and such
clients will find personal treatment and programs that fit their
needs. Their most popular products are refinance loans and second
mortgages, but they offer purchase money as well.
Home 123, New Century's sister-company is designed
for a slightly more internet-savvy consumer, and offers refinance
money in addition to purchase loans on their colorful website.
Before you choose the right loan for you, it might be wise to understand
all your options. Some other loans you might want to be familiar
with include interest only loans, LIBOR Mortgages, Cash Out loans, Second Mortgage loans, Fixed
Rate Mortgages, Adjustable Rate
Mortgages (ARM), Reverse Mortgages, Home
Equity Lines of Credit (HELOC), and Home
Equity Loans.
Based in Irvine, CA, both New Century Mortgage and
Home 123 lend throughout the United States. New Century Mortgage
lends throughout the United States, and is subject to the laws of
the state in which specific property is located.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.
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