Its brokers cut deals by asking few questions and reviewing even fewer documents, investigators say. For thousands of credit-crunched homeowners, New Century Financial appeared to be their savior. The California-based company catered to the riskiest borrowers, even those with credit scores as low as 500. It is relatively easier to apply for an online mortgage that it is for an offline mortgage. The Internet is a wonderful tool and one which you can take full advantage of when looking for the best deals in online mortgages.
