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100% financing?
Thursday, January 31st, 2008100% financing is a term that is thrown around a lot and mostly with astonishment. Most people don’t know much about 100% financing and so they display disbelief when they hear that somebody is providing 100% financing. The real truth is that it isn’t all that difficult. The lender isn’t incurring a loan and he […]
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 […]
caveat emptor
Tuesday, January 15th, 2008When you are buying a house there are only two ways to pay for it; one is paying cash which is highly unlikely as far as most people are concerned. People are more likely to take out a mortgage loan to finance buying a home. Which means that they are going to have to approach […]
crooked mortgage broker indicted
Thursday, January 10th, 2008A mortgage broker from Lynwood, Indiana has been indicted on 14 counts of fraud in 27 homes most of them located in Gary, Indiana. She has also been indicted for misuse of a social security number. Tameka Bryant, 35 has pleaded not guilty to the charges.
Bryant allegedly deposited money into her clients’ account to boost […]
Mortgage -an overview
Monday, November 26th, 2007A mortgage is essentially an alienation method of using property (real or personal) as security for the payment of a debt. The term itself (from Law French, lit. dead pledge) is in reference to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the […]