ZK Mortgage Launches New Alternative Lending Group

ZK Mortgage has expanded their practice with the launch of its Alternative Lending Group. This new group will specialize in providing subprime home buyers, or those with non-prime or below "A" rated credit, with fair lending choices.

(PRWEB) June 23, 2005 -- ZK Mortgage, the only Texas-based mortgage broker that matches borrowers with the specific financial instruments best suited for their needs, today announced an expansion of its practice with the launch of its Alternative Lending Group. The companys Alternative Lending Group provides subprime home buyers, or those with non-prime or below "A" rated credit, with expanded homeownership opportunities by delivering fair lending choices and helping them purchase homes they can afford and keep.

The Alternative Lending Group is lead by Eric Tebbetts, whose background includes a position as expert advisory to mortgage brokers about automated underwriting and increased services and product knowledge.

Subprime lending is plagued by predatory practices which have created a distinct services gap in mortgage lending," said Lisa Kelly, president of ZK Mortgage. Homebuyers deserve better. Thats why were placing focus on responsible lending practices by offering our customers education so they understand the mortgage process, specialized services, and greater choices in financing options."

Subprime loans make homeownership possible for many individuals or families with blemished credit histories or who otherwise fail to qualify for prime, conventional loans. The Alternative Lending Group seeks to dispel the predatory practices associated with subprime and home equity lending by providing education and fair lending practices.

"After speaking with many realtors and borrowers, it became apparent that a need exists for those who need extra help to become homeowners," said Tebbetts. Often times the roadblock to homeownership exists due to bruised credit, self-employment, or those with higher debt-to-income ratios. Our Alternative Lending Group works with these individuals to find the most appropriate financial instrument for their specific situation."

About ZK Mortgage
ZK Mortgage is Texas only borrower-focused mortgage broker. By working as a partner with the borrower, ZK Mortgage is able to match borrowers with the financial instrument best suited for their needs, ensuring a better borrowing experience. The professionals at ZK Mortgage collectively have more than 20 years of mortgage lending experience making and selling loans. Within the last four years, ZK Mortgage executives funded more than $250 million in loans.

For more information, visit www.ZKMortgage.com or call 512.306.1616.

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