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by Paul Dohrman
This guide covers topics including how subprime borrowers get mortgages, the relation of subprime loans to Bear Stearns and the foreclosure meltdown, comparing ARMs, and raising a credit score to refinance into a better loan.
The subprime meltdown, also called the "mortgage crisis" refers to a declining economic situation caused by a severe increase in foreclosures of real estate. This Read More
Ready to refinance out of your subprime mortgage and into a conventional mortgage? Learn the steps you need to take to search for, compare and choose a lender for your Read More
When times are tough, and credit scores are low, a bad credit loan can seem like an ideal opportunity. Although they have their advantages, borrowers of these loans will Read More
Alt-A loans, or Alternative-A loans, are mortgages that have a risk profile greater than prime mortgages (or A paper) but less than subprime. During the speculative housing Read More
Lenders are apprehensive about giving a loan to applicants with bad credit because these applicants pose a higher threat of default than applicants with a history of timely Read More
In spring, 2008, the Bush Administration directed the Federal Reserve to underwrite $30 billion dollars of shaky loans held by an investment bank, so that it would not Read More
Sub-prime lenders always charge a premium when they provide financing for people with less than perfect credit. While most of the headlines are reserved for sub-prime real Read More
Home foreclosures are a result of the sub-prime mortgage crisis, and it's important that a monthly payment is not more than 40 percent of a person's overall gross income. Read More
Adjustable interest rates often evoke a negative response from borrowers. However, they are neither good nor bad and need only to be understood. As you become more familiar Read More
An Adjustable Rate Mortgage (ARM) offers the borrower a chance to pay a lower interest rate during the initial period of his loan. However, after a predetermined time, his Read More
Homeownership is an American dream. But unfortunately, some people don't have the opportunity to achieve this goal. Having bad credit, no credit history and little cash Read More
If someone has a low credit bureau score, they are more than likely going to get a government back loan. Find out how different factors at lower credit scores can get Read More
Bad credit mortgages are non-traditional home loans that are provided to people with lower credit scores, since these borrowers may not be able to qualify for a mortgage Read More
If you have bad credit, don't despair--you can still own a home. There are a variety of ways to get a mortgage even if you have a bad credit score. Discover five of the Read More
In order to boost a credit score, make payments on time, leave old credit open and have a good mix of credit cards and loans. Raise a credit score by showing good credit Read More
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