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Mortgage Professor about purchasing mortgages for bad credit: | |||||||||||||||||||||||
The Worst Mistake of Mortgage Borrowers
February 19, 2001 ?What?s the worst mistake mortgage borrowers make?? The worst mistake by far is making decisions based solely on the affordability of monthly payments, without considering ... more... The Fully Amortizing Mortgage and Savings Discipline February 7, 2005 ?The equity from sale of our old house will cover the first 6 months of payments on the new one. To avoid spending this money, we plan to make 6 payments immediately, then we have 6 months to save enough from our current income to repeat the process. Is this ... more... |
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purchasing mortgages for bad credit related definitions |
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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... 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 purchasing mortgages for bad credit Live Transfer Leads Mortgages UK Loans: Borrowing the Right Kind of Money Subprime Mortgage Loans - Which Lenders Should you Avoid? Bad Credit Mortgage Lenders Finding a Home Loan with Bad Credit The Home Buyers' Guide To Understanding Mortgages In Amsterdam New York Everything You Need to Know About a Secured Loan Buy a House after Foreclosure - How to Get Approved Bad Credit Mortgage - Got Bad Credit? Get 100% Financing! Buying A Home After Bankruptcy - How Long Should You Wait to Buy? Your Home Equity Can Work for You
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