Where could I find terms and conditions (eg, disclosures, forbearance) for a sub-prime mortgage?
Friday, December 28th, 2007pb0787 asked: Ideally, I would be interested in finding a blank copy of a typical sub-prime mortgage agreement.Darren
Archive for December, 2007
pb0787 asked: Ideally, I would be interested in finding a blank copy of a typical sub-prime mortgage agreement.Darren
Why is the market reacting so negatively to the sub-prime lending issues?
Monday, December 24th, 2007Louis G asked: sub-prime lenders give loans to people with bad credit. It's a small segment of the market. The news is coming out that people are defaulting on these loans.. Why is this suprising? it's a sub prime market. Of course risky loans to people with bad credit are ...
What’s a safe way to use my home equity to make money?
Monday, December 24th, 2007lieinourpig asked: I own my home and don't have a mortgage payment. Can I get a home equity loan, and then invest that money into a safe investment (such as a bond mutual fund) and pocket the difference each month, assuming that the fund's monthly distribution is higher than ...
Do you need good credit to take out a home equity loan? Will bad credit affect chances of being considered?
Sunday, December 23rd, 2007brandy2002 asked: My credit is poor but I have probably $80k in equity in my home. Will a bank refuse to approve a home equity loan because of bad credit?Patrick
Sub-prime Lending to Grow Faster
Friday, December 21st, 2007Angelo Drew asked: There are many Brits who are taking out loans and eventually failing to repay the whole or part of it. This adversely affects their credit rating. The number of people with bad credit history is increasing by the day. There is a separate market for these people ...
Help and Tax Breaks for Sub Prime Mortgage Holders
Friday, December 21st, 2007Greg Ellingson asked: Although the economic outlook is not too bright for Americans with increasing gas prices affecting almost everything we travel in, use for warmth and feed ourselves with, nevertheless there are a few slivers of sunshine in the gray clouds. There has been some recognition from the IRS that ...
should I refinance my home to pay off an equity line of credit?
Wednesday, December 19th, 2007HAAJR asked: I have a home equity line of credit paying intrest only at 8.25% on the amount borrowed against it.Glen
what happens in a home equity default when the 1st mortgage is current?
Wednesday, December 19th, 2007crisislooming asked: If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the ...
Inflation and Sub prime Crisis , Which one is deadliest?
Monday, December 17th, 2007vinoth kumar m asked: Inflation affects worlds economy, and mortgage sub prime crisis directly affects the trade and international markets. Any one tell me when it will be over?Stanley
Avoiding Traps of Sub Prime Personal Loan Lenders
Monday, December 17th, 2007Lesley Lyon asked: A personal loan with an interest rate that is above the prime rate is known as sub prime personal loan, the interest rate being 0.1 to 0.6 percentages higher than the standard interest rate. This is so because since the sub prime borrowers are considered to be ...