Archive for February, 2008
Friday, February 8th, 2008
Some Guy asked: I was reading an article in the business section of the L.A. Times today discussing the result of sub primes mortgages after the housing boom. It mentioned that resulting home foreclosures would "slow the rise in rents". I'm wondering, in an economic sense, how this is possible.Sara
Posted in mortgage | 4 Comments »
Friday, February 8th, 2008
Neatest Inbox Holder asked: Is the whole of Real estate business in US is hit by Sub prime crash? It seems, the onset of this phenomenon is almost sudden . Is any other sector like this is still ticking to be blown off?Erica
Posted in mortgage | 2 Comments »
Thursday, February 7th, 2008
cheerful2 asked: What are some benefits of a home equity loan? How does it work? Whats a good interest rate for someone with OK credit? My is good, but my husbands is fair. We are planning on consolidating high interest cards and possibly using sometowards a newer vehicle.Franklin
Posted in mortgage | 7 Comments »
Wednesday, February 6th, 2008
attagirl asked: I am a complete dolt about such things. I know the economy is troubled world wide because of sub prime mortatges, and that they are loans given to high risk people. That is it. How does it all relate to each other and what does ...
Posted in mortgage | 4 Comments »
Tuesday, February 5th, 2008
J D asked: im looking to buy a home. and my brother told me that the home im looking to buy has equity and at closing i can cash out the homes equity. Im confused because i thought i built the equity in the home buy pay my mortage every ...
Posted in mortgage | 9 Comments »
Tuesday, February 5th, 2008
Shukie L asked: hi, i am new to mortgages and related topics, but why do lenders (including those who went bankrupt after the crisis) decide to lend money to sub prime customers when they know chances are they won't be able to pay it? what lenders gain besides interests?Douglas
Posted in mortgage | 6 Comments »
Tuesday, February 5th, 2008
John Smith asked: There has been significant growth in the number of lenders offering secured lending to people with credit problems, including those who have been bankrupt, have County Court Judgments logged against them, and for purposes such as debt consolidation. As consumer credit debt tops an eye-watering £1.2 trillion ...
Posted in mortgage | Comments Off
Sunday, February 3rd, 2008
mMiha asked: working in mortage industry on the subprime side, i find it hard to locate brokers devoted to that type of business in my area (bay area, CA). Most of the offices i work with are doing prime loans. And I need some kind of new approche to encourage ...
Posted in mortgage | 2 Comments »
Saturday, February 2nd, 2008
Eileen McAdam asked: The buzz word phrase that is causing so much sting these days is indeed, "the sub- prime mortgage crisis". With far too many people having made impulsive and unwise decisions over the past few years, the economy is being led toward an unprecedented economic crisis. The spending ...
Posted in mortgage | Comments Off
