What is a Consumer Guide To The Adverse Credit Mortgage?

Adverse mortgages are known by many names, depending on the lender. Within the mortgage trade they may be known as non-conforming or sub-prime mortgages, in contrast with the standard mortgages for people with no credit problems. You will also hear an adverse credit mortgage called a credit impaired mortgage, a non status mortgage, a bad credit mortgage or a non standard mortgage. Whatever they are called they all indicate the same kind of mortgage product - a mortgage that was designed for people with impaired credit.