Option One

Owning your own home is a dream for just about everyone, but many people believe that getting a mortgage is completely unattainable for them. If you’ve had credit problems in the past or you have even faced bankruptcy or foreclosure, you might believe that you would be laughed out if the bank if you applied for a mortgage. Not necessarily. The reality is that there are tons of different mortgage options available to people regardless of the problems they have had in the past with their credit or even with bankruptcies, judgments and other serious credit black marks. You may end up paying significantly more that other people to get your mortgage off the ground, but if you find a reputable lender, then getting your mortgage can be a step in the right direction of re-building your credit and re-building your life. That is where Option One comes into the picture. While Option One offers standard loans for people with good credit and sub-prime loans for people with so-so credit, they are one of the leading issuers in the nation of so called non prime loans for people with serious credit problems. The good news about the Option One Mortgage Company is that is it backed by the people at H&R Block, a name you know and trust, so you can rest easy that this is one company not out to cheat you out of your hard earned cash.

Many sub-prime and non prime lenders prey on people who have bad credit to try and get them tied into a ridiculously expensive loan that they can’t really afford – and that will only serve to get them further into debt. With an Option One loan, you will pay more for your bad credit rating, but you also won’t get a loan you can’t handle. Their rates are well within the normal range of bad credit rates, unlike some banks that will charge you 15% or more. This can be a huge relief for people who need to get a mortgage but also need to find a loan they can afford and will not default on. That is not to say there haven’t been Option One complaints, because there have been, but far fewer than other companies of their type.

If you want to learn more about Option One, the Option One home page is a great place to get started. There, you can search the Option One online mortgage library to learn more about mortgages. On the site, you can also learn about jobs at Option One Mortgage and Option One Mortgage employment procedures.