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Avoiding Mortgage Predators
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

How Do You Avoid Mortgage Predators?
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

lenders credit history mortgage rates refinancing related definitions

Credit Report
Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more...

Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more...

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Subprime Mortgage Lenders - Sub-prime Loans Now Available Through Traditional Lenders
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates.Your Credit ... more...

Hard Money Loans - Reasons Why You Might Want To Try Applying With A Subprime Mortgage Lender
Before you apply for a hard money loan, try applying with a subprime mortgage lender first for lower rates and fees. Hard money lenders charge excessive fees to high-risk borrowers, but will only lend 50% to 75% of the value of the property. On the other hand, subprime lenders offer loans to ... more...

Mortgage Loans For People With Poor Credit
There are a plethora of mortgage loan options for people with poor credit. You can choose from zero down to interest only loans. You can also be backed by the government for reduced rates. You can even find traditional loans with relatively rates. Picking the right mortgage loan is really about ... more...

Bad Credit Home Mortgage Refinance Should You Refinance
A bad credit home mortgage refinance is possible for people with previous credit problems. The interest rates will not be as low as those for consumers with good credit but you can still end up saving in the end.There are several questions you should ask yourself when considering a home mortgage ... more...

Home Equity Loan Comparison - Access Your Home's Equity Through a Second Mortgage or Equity Loan
You can access your home equity without the cost of refinancing with two financing options. A second mortgage will give you a lump sum check with a fixed or adjustable rate. A home equity line lets you tap into your equity when you want to. Both options allow you to write off interest on your taxes ... more...

FHA Mortgage Loans - The Benefits of an FHA Mortgage
The Federal Housing Administration (FHA) insures mortgages to allow low to moderate income families to purchase their own home. With government backing, families can buy a home at a lower initial cost. However, there are limitations with this program.Mortgage Insurance Section 203(b)The FHA ... more...

New Home Loan - Understand The Various Types Of Mortgage Lenders
So, youve decided to buy a house, and youre ready for that all important next stepapplying for a mortgage loan. But where should you go? After all, the mortgage business is complex, and youve realized quickly that your choices for lenders are immense. Heres a quick guide to help you understand all ... more...

Securing the Best Mortgage Rate
If you are looking to purchase a new home or refinance the one you are currently living in, you will want to find the best mortgage rate out there.Securing the best mortgage rate for you really isnt that difficult if you are willing to take some time and educate yourself, as well as put out some ... more...

High Risk Mortgage Lenders - Using a Sub Prime Lender Online
Sub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures. With sub prime lenders online, you can easily compare rates to find reasonable financing ... more...

Refinancing Your Home Mortgage Loan - Refinance Your Adjustable Rate Mortgage
Refinancing an adjustable rate mortgage (ARM) is a common practice for borrowers. However, it may not always be the best option. Depending on how high interest rates climb, there are cases when you could end up spending more on converting your mortgage than you would save with a locked in interest ... more...


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