Archive for February, 2008
Thursday, February 28th, 2008
Jim Grimes asked: FORCLOSURE & SUB-PRIME MYTHS
It's amazing to me to listen to the comments made by alleged professionals in the financial industry and how quickly the press endorses it without any research in to the real issues.
To allocate all the blame on sub-prime mortgages, Wall Street Investors and God ...
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Wednesday, February 27th, 2008
Kinan Beck asked: "Sub-Prime lending, which is also referred to as near-prime, B-Paper, and second chance lending, has garnered a great deal of attention recently. This is largely because this type of lending is considered to be risky for both the borrower and the lender and many people have ...
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Tuesday, February 26th, 2008
fiestababy05 asked: I know there were two major changes to our Prime lending rates. What caused these rates to change???
2007-9-187.75%
2007-10-317.50%Derrick
Posted in mortgage | 2 Comments »
Monday, February 25th, 2008
BamaboynTN asked: I'm wanting to add on to my home but I've never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?Mike
Posted in mortgage | 9 Comments »
Sunday, February 24th, 2008
Lloyd Segal asked: Hey, wait a minute! In recent months, the national media has dwelled on the collapse of the subprime mortgage market and the surge of foreclosures. But there is another side to this story that should also be considered.
The Mortgage Bankers Association recently released its National ...
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Saturday, February 23rd, 2008
Lesley Lyon asked: The practice of extending loans to people with deficient credit history and are ineligible for best market interest rates is known as sub prime loans. Due to the combination of high interest rates, bad credit history and adverse financial institutions, sub prime loan are highly risky for ...
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Saturday, February 23rd, 2008
Deep eyes asked: what is the difference between prime and sub prime credit?Roberta
Posted in mortgage | 2 Comments »
Monday, February 18th, 2008
MARK WARNE asked: Things it concerns:
Well, in loan market sub prime means a person suffering from credit hazards in his or her financial life. It used to be really hard to get a financial help in this situation few years back, but not now. Lenders are ready to provide bad ...
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Thursday, February 14th, 2008
A Raymond Randall asked: "Waiter, I'll have a sub-prime steak; make it medium-rare". Order with those words and your waiter will check you for two heads. If you eat meat, you want the prime-cuts. In fact, no one wants sub-par unless you're playing golf.
So what motivates mortgage loan officers toward ...
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Sunday, February 10th, 2008
helenta35 asked: We own our house fully No mortgage value approx $550k. We are thinking that we like to retire early to near the beach. Currently we found nice homes with land in that area for $175k. Is it better to get a home equity for the ...
Posted in mortgage | 6 Comments »