Subprime Mortgages
Mortgage lenders halt foreclosure temporarily
Tuesday, February 19th, 2008Six of the largest mortgage lenders in the country have stopped foreclosure proceedings for the time being. This new program which is called Project Lifeline, gives borrowers with little hope of paying off their debts up to 30 days more in which to work out some kind of payment arrangement with their mortgage lender. It […]
Home mortgage sharks
Friday, January 25th, 2008Sub Prime loans are a great alternative for people who can’t otherwise get a loan from lenders in the prime market. But very often masquerading as a sub prime loan is a predatory loan.
The difference between the two is that while a sub prime loan charges a higher rate of interest from you it does […]
Sub-prime mortgages
Tuesday, December 4th, 2007In case a person cannot get a loan from a prime lender, or does not qualify because of a low income or a bad credit record, he can borrow money from a sub-prime lender. When a prime lender believes that lending money to a customer may be risky because of the chance that the loan […]