Archive for January, 2008
Wednesday, January 30th, 2008
Simon Salloom asked: Several evenings ago I walked past a group of men near a local coffee shop at 9th Street and Wilshire in Santa Monica, talking excitedly about the sub-prime mortgage industry "meltdown." One of the gentlemen was sure it meant a significant increase in foreclosures. And another man ...
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Monday, January 28th, 2008
Mark Skinner asked: Over half of the UK’s repossession orders are being brought by sub-prime lenders, according to a BBC report. These lenders cater for borrowers with poor credit histories and account for only 6% of the total mortgage market. Radio Five Live’s Wake Up To Money programme conducted an ...
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Sunday, January 27th, 2008
Sustagurl2 asked: I have heard as well as read, this year alone, 1 million Americans will lose their homes to foreclosure.
The mortgage industry uses so many terms most individuals don't understand and today, I need clarity!
Maybe, just maybe if people were given a mortgage dictionary, if you will, prior to ...
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Sunday, January 27th, 2008
GoGators asked: Our house will be paid off next year. We have some major home improvements to do in the near future. Will borrowing costs be more if we borrow against the equity after the first mortgage is paid off, or does it matter?Louise
Posted in mortgage | 5 Comments »
Friday, January 25th, 2008
Alan Lim asked: Are you part of the sub-prime home mortgage refinance scenario? Then it’s time to take a good hard look at current trends.
Rising real estate costs
The real estate market has seen a steep rise in the price of houses - with the result that the average home buyer ...
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Friday, January 25th, 2008
Eddy T asked: A mortgage is a legal agreement by which Banks lend you money to buy a house.
Speculators turn mortgages into financial instruments for investors world-wide to invest to make profits.
US Sub-Prime Mortgage crisis and the credit crunch arose mainly because 'economic factors' effecting their values were ignored ...
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Friday, January 18th, 2008
Carrie Reeder asked: For the best rates and fees, look to a prime lender to give you top financing due to your excellent credit score. For those with poor credit, turn to a sub prime lender for reasonable rates on mortgage loans. You will also find more flexibility with a ...
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Friday, January 18th, 2008
yawlcome2000 asked: I really can not understand why the worry about sub-prime, if you dont pay the bank or morgage company resposses house and they can sell it again and get their money back. They never lose nothing, but, perhaps high interest that they charged in the first place. ...
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Wednesday, January 16th, 2008
Ed Lathrop asked: During the last couple of weeks the Dow Jones industrial average has tanked to the tune of over 1,000 points. Many analysts reason this abrupt market downturn has been caused by a sudden increase in sub prime lending defaults. Can a tight mortgage market shoot ...
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Wednesday, January 16th, 2008
raychels mom asked: my boyfriend and i recently bought a new townhome. its not our dream house, but we wanted a starter home so we were not over our heads. we did LOTS of research on pricing and mortgage rates before we signed anything. i know that ...
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