For thousands of credit-crunched homeowners, New Century Financial appeared to be their savior. The California-based mortgage company catered to the riskiest borrowers, even those with credit scores as low as 500. The very faceless nature of online mortgages makes them difficult to trust. There is, after all, much sensitive information that you would have to give out when you apply for a mortgage. Such information may include your social security number, your full name, your address, your monthly income, et cetera. Thus, it is therefore advisable that you only conduct these types of online transactions with an established institution.
