What is the difference between a Sub-prime and Prime Mortgage?
Wednesday, January 16th, 2008mn4747 asked: I have been reaidng alot that latley Prime is the only way to go unless you have great credit. any info will be helpful, thanksHazel
Archive for January, 2008
mn4747 asked: I have been reaidng alot that latley Prime is the only way to go unless you have great credit. any info will be helpful, thanksHazel
New bill before congress regarding sub prime loans?
Sunday, January 13th, 2008David L asked: There is a bill in the works that would freeze a persons sub prime mortgage at the rate it was before it is adjusted. Does anyone have more detials on this? Does anyone know when this might pass?Tony
Can you use a home equity loan for something other than a home?
Saturday, January 12th, 2008curiousgirl asked: I need a loan & some people had suggested I look into this because of the lower interest rates, instead of using high interest (not to mention EVIL) credit cards. But it's not for a home & I don't have enough collateral for the amount I'd like ...
A Sub-prime Economy?
Friday, January 11th, 2008Warren Graham asked: As a practitioner in the fields of bankruptcy, workout and corporate restructuring, and in a shameless admission of self-interest, I readily admit to being vitally interested in whether the U.S. Economy is due for a downturn. It has often been said that economists have predicted nine of ...
Does anyone have any current info on the program Bush was talking about to help with the Sub-Prime loans?
Friday, January 11th, 2008Deadman asked: I want to make sure I have tried everything before the ship sinks. Stay off your soap box please, knowone was there 2.5 to 3 years ago saying anything other than, "Do what ever it takes to get in a house now." That even means accepting one of ...
What happens when your mortgage is considered sub-prime?
Thursday, January 10th, 2008marbogvht asked: My girlfriend got a loan last year, that was 2 year interest only, for 98,000. She has a little under a year left until she can refinance. What should she expect when the 2 years are up if her credit stays the same, or improves slightly?Kristen
Exclusive Report: Limited Damage In Sub-prime Fall Out
Tuesday, January 8th, 2008Mike Colpitts asked: The economic damage caused by the fall out from the sub-prime loan crisis is limited, and should not cause major economic damage to the nation's housing markets or greater U.S. economy, according to an exclusive report by Housing Predictor. Housing Predictor forecasts more than 250 local housing markets ...
Is the Federal Interest Rate Cut Enough to Stabilize Sub Prime Mortgage Woes?
Tuesday, January 8th, 2008Ki Gray asked: As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 5.25. This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully ...
Sub Prime Auto Loans: Bad Creditors Can Own Car Too
Friday, January 4th, 2008Mark Nikolos asked: If you are being plagued by a poor credit record and are looking for a suitable loan to purchase a vehicle then you can take the refuge of sub prime auto loans. Sub prime is the industrial pseudonym for persons being rated as poor creditors. Getting started A credit ...
Should I take out a home-equity line of credit to pay down my mortgage to eliminate PMI?
Thursday, January 3rd, 2008Melissa O asked: My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages.) I know we need twenty percent equity in order to eliminate PMI, but I don't think we're quite there. Is taking out a home-equity line ...
