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What Is Predatory Lending?
November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more...

Borrowers Should Be Able to Fire Mortgage Servicers
February 2, 2004 "I'm very unhappy with the lender servicing my mortgage, would you spell out the procedures for changing lenders?" Bad news, the only way to change the lender servicing your loan is by refinancing. Unless you have other reasons to refinance, ... more...

mortgage lender bad credit loan loans remortgage refinance only related definitions

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...

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

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First Time Home Buyers Guide - A Valuable Resource For Those With No Credit Or Bad Credit
First time homebuyers with bad credit can find buying a home a challenge. Are you a first time homebuyer who has bad credit? This does not always mean you have to suffer with high interest rates or no mortgage at all. There are many choices out there for both first time buyers and those with bad ... more...

Even With Credit Problems... You Can Get A Loan Within 30 Days, If You're Willing To Work At It
A wise friend once told me that *extraordinary people* are just *ordinary people* who do extraordinary things.It's the same way with loans. People that get loans after being turned down are not extraordinary people, they are ordinary people who do extraordinary things to get their loan.Here's an ... more...

How Bankruptcy Affects Student Loans
The vast majority of government student loans cannot be gotten rid of easily, even filing for bankruptcy will not resolve these debts. The only way that these types of loans can be taken care of in bankruptcy is if you can prove that they are a substantial hardship on you and your finances and this ... more...

Remortgage To Release Equity By Improving Interest Rate
You have been paying on your mortgage for quite sometime and you think that your money serves no purpose except paying for your loan. This you already know. The thing you dont know is that there is latent money in your mortgage that needs to be harvested. Now you probably ruminating between ... more...

Refinance Home: Distilling Cash by Renewing Home Loan
Refinance home is in vogue especially with reduction in interest rates. Refinance is still going strong with 40% of the home loan applications being filled in for refinancing home loans. Homeowners realize that there is enough equity in the home to refinance and convert into cash and credit. Few ... more...

Bankers in Denial
Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information, and anxiety-inducing experiences. Judging by the German press, the country is in a state of denial regarding the waning health of its economy and the dwindling fortunes of its ... more...

Home Loans: To Substantiate Financial Possibilities On Your Land
Availability of Home loans is in full bloom. They are uncomplicated, tenable, easily available, very flexible and tailor-made for homeowners. They are offered by almost every loan lending or financial institution. Home loans are like omnipresent and yet encountering the requisite home loan is like ... more...

Repayment of Loans Lessening the Bitterness of the Process
So how have you planned the repayment? Dont tell if you havent started the plannings yet. It is high time the plannings and the decisions be made regarding the repayment of the loan. The amount of loan is a sizeable figure and planning for the repayment on the D-day will only make the repayment ... more...

Simple Ways to Save Money
Things are so expensive these days. We seem to be hearing, and saying, that a lot lately at the gas pump, in the grocery store and especially when paying bills. But there are simple ways to help save money without making sacrifices in your lifestyle. Small savings can turn into large rewards for ... more...

3 Strategies For Buying Property With No Money Down
Everyone has heard a story or read about someone who bought a property without paying a single dime as a down payment. But how does this work?There are several "classic" methods commonly used to purchase real estate with no money down. There are an infinite variety of situations in a real estate ... more...

Sound Financial Standing Entails Capital Raising Remortgage
Raising capital is integral for growth and expansion of an individual in more than one way. Every project and venture is meant to contribute in some way to the augmentation of human beings. Our decisions about finances are in one way or the other affect our own personal growth. Raising capital can ... more...

Three C's - What Startups Need to Get a Business Loan, Part 1
You want to get a good, solid overview of what it takes to acquire that business loan you need, especially if you are a startup. The essential element of what the lenders out there require of you can be wrapped up in the acronym, C. C. C. These are...Cash - Decide how much money you want to borrow, ... more...

5 Ways To Raise Credit Score
It's not as hard as you think to raise credit score. It's a well known fact that lenders will give people with higher credit scores lower interest rates on mortgages, car loans and credit cards. If your credit score falls under 620 just getting loans and credit cards with reasonable terms is ... more...


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