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Mortgage Professor about poor credit: | |||||||||||||||||||||||
Should Mortgage Borrowers With Poor Credit Shop?
October 25, 1999 "You keep saying that home buyers ought to shop for the best mortgage terms, but suppose your credit rating sucks? Won't I have trouble finding a lender who will even deal with me, let along find a lot of them ... more... When Good Credit Marries Bad Credit November 2, 1998, Revised November 22, 2004 "My fiancee and I are first time buyers and would like to purchase a single family home in New Jersey. He has an outstanding credit report and I have a bad one (collections, ... more... |
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poor credit related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... 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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More about poor credit Buying a Home With Poor Credit Is Easier Than Ever Poor Credit Home Equity Loan - 3 Things To Watch Out For Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later Bad Credit Home Financing - Get The Mortgage Loan You Want Even With Poor Credit Poor Credit Home Equity Loan Tips What Factors Do Lenders Consider? Secured Credit Cards- Consumer Tips Home Loan For People With Poor Credit Poor Credit Home Equity Loan Tips Get a Loan With a Poor Credit Rating Home Loans For People With Poor Credit - Understanding The Requirements For a Subprime Mortgage
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