Archive for March, 2008

What to look for when shopping around for home equity loans?

Friday, March 28th, 2008

27amDotCom asked: Any advice on what to look for when shopping around for home equity loans? Are there referral commissions? I have a couple of individuals looking for a home equity loan ... I told them I'd look into it for them. I'd like to find a quality vendor, but if referrals ...

Home loans with low down payments require PMI insurance, so why are banks losing money on sub-prime mortgages?

Tuesday, March 25th, 2008

cmsb705 asked: A home loan with less than 20% down requires PMI (Private Mortgage Insurance). Since most "sub-prime" mortgages would require PMI, why are banks losing so much money on these loans? Shouldn't it be the insurance companies that lose the money?Kristin

Anyone know of good, sub-prime online auto finance lenders?

Sunday, March 23rd, 2008

autoshowplantation asked: I have a small dealership, 10-12 cars. I do not want to deal with the hassle of going through in-house financing. I know there are many sites that advertise auto loans, but the majority of them just refer people to a dealer who buys the leads. What I ...

Is it possible to refinance a home equity loan to be able to get a lower rate?

Sunday, March 23rd, 2008

CHRISTINA N asked: Just wondering if anyone had any information about being able to refinance a home equity loan to receive a lower rate and if so, how to go about doing that.Linda

Why is Clinton’s Treasury Secretary Letting the a Sub-Prime CEO Walk Away with Over $50 Million?

Saturday, March 22nd, 2008

Duminos asked: Rob Rubin in on the board at Citibank. And, he just took over the top position after the former CEO, Chuck Prince, resigned. Prince made Citibank and consumers lose billions of dollars in sub-prime loans. But, Prince is walking away with over $50 million. Did Clinton's man do ...

Sub Prime Auto Loans – Easy Availability of Cash for Buying Vehicles

Wednesday, March 19th, 2008

Muallaki Nakala asked: When the situation come into our lives when we do not have the flexibility to take our financial decisions that much easily then we choose the option called loan. When we are tagged with bad credit we do not get these loans that much easily. But if ...

How does a home equity loan work?

Sunday, March 16th, 2008

newmoon asked: I need to know all the details and if it is a good choice. I have payed off my vehicle and credit cards and have none, but I have alot of student loan debt. Our dilema are the student loans. And paying them. I have heard about ...

Sub Prime Mortgage Loans for Bad Credit Borrowers

Sunday, March 16th, 2008

Josh Spaulding asked: If you’re struggling with a poor credit rating, you’ve probably heard about sub-prime mortgage loans. While some people qualify for the ridiculously low interest rates advertised on bank billboards, those of us who aren’t so fortunate have to seek other means of getting financing. Fortunately, sub-prime mortgage ...

How long do you have to wait for a home equity loan?

Sunday, March 16th, 2008

*Rock*Girl* asked: How long after purchasing a home do you have to wait to take out a home equity loan? Do you have to re-close? Are there loan you can take out beside equity if you own a home?Marion

What Is A Sub Prime Loan?

Saturday, March 15th, 2008

Peter Kenny asked: A sub-prime home loan is designed to service those individuals and families who have credit problems. The severity of the credit problems and the length of the problems will determine whether or not you are a candidate for a sub-prime loan. There are some individuals who may ...