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Mortgage Professor about subprime: 
Why Is the Loan Rejection Rate Rising?
March 20, 2000 "I have read that in recent years loan rejection rates have increased, especially among lower-income people and minorities?Why do they continue to get the short end of the stick?" You are ... more...

Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more...

subprime related definitions

Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more...

Loan Origination Fees
Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more...

More about subprime

Get Free subprime Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Eight Common Predatory Lending Schemes
Predatory lending is far more prevalent in refinancing than in the purchase market. One reason is that buyers tend to look for mortgages from established and recognized lenders, many of whom are bound by rules put forth by Fannie Mae, FHA, or the Veterans Administration. If they don't follow the ... more...

Getting 100% Mortgage Financing With a Bad Credit Score
100% financing of a mortgage with bad credit can be almost as easy to get as if you have good credit. Subprime lenders are usually willing to offer full financing. In some cases, they will also wrap in the closing costs as part of the loan. You have a couple of loan options for financing your home ... more...

Seven Steps for a New Home Loan Purchase
Buying your first home and becoming a home owner is one of the most exciting steps in any person's life. With home loan purchase rates at the lowest they have been in decades, this is an opportune time to purchase a home. At Bad Credit Lender, we work with affiliate mortgage brokers who work hard ... more...

Zero Down Mortgage Loans - Is 100% Financing a Good Idea and Can You Get Approved?
Are you wondering if you can get approved for a home loan with 100% financing? Are you also wondering if its a good idea to get a mortgage loan with no money down? Here are some points to keep in mind as you apply and consider your different mortgage loan options.To qualify for 100% financing on ... more...

No Credit Car Loans - Even With No Credit History, You Can Still Get Approved
Even it you have no credit history, you can still get approved for a car loan. With a car loan, you can purchase your vehicle and build your credit history. Online car loan lenders make shopping easy, and you can find low rates compared to traditional banks.Get StartedBefore you launch into car ... more...

Credit After Bankruptcy - What To Expect
If you have recently filed bankruptcy, it won't be long before you are starting to ask yourself, "Ok, now, what do I do when I need a loan? Where do I got to get approved? Can I get approved?" Here are some overall basics about getting any kind of credit after a bankruptcy.2-3 Years after ... more...

Bad Credit Mortgage Loans Online - How Your FICO Credit Score Can Affect Your Loan Approval
When applying for a mortgage loan when you have a bad credit history. There are a few things you should know about your FICO score that will help you know what to expect from mortgage lenders.With a credit score below 585, you will need to put at least 10-20% as a down payment on the property. ... more...

Bad Credit Home Loans or a Bad Credit Personal Loan
Bad Credit Home Loans are ideal for individuals who have had credit problems in the past, but that need a loan for a new home purchase, mortgage refinance, debt consolidation loan or a home equity loan. If you do not qualify for a bank loan or a subprime loan, you may still qualify for a private ... more...

Postcards Picture Perfect Promotion
There is a simple but almost mystical law which governs promotion and marketing and their relationship to the amount of business generated: business will come in to the degree that you get your message out, promote, let people know you are there, advertise, write to people, call people, e-mail ... more...

100% Financing Bad Credit Mortgages - Tips on Getting Approved
100% financing of a bad credit mortgage can help you buy a house with little cash due at closing. Even with an adverse credit score, you can start building home equity and wealth with your new home purchase. To get approved for such subprime mortgages, take a look at your credit report. ... more...

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