Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
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...

Mortgages for Dummies: Understand and Fix Your FICO Score
FICO stands for Fair Issac and Company; they are a credit agency many lenders use when reviewing your credit. If you have a poor credit rating, these are the people that have designated it as poor.Fair Issac and Company are not required by law to disclose how they calculate your FICO score; ... more...

Bad Credit Auto Financing - 3 Ways To Get Approved More Easily
You can easily find auto financing, even if you have bad credit. Shopping online allows you to find reasonable rates with speedy service. You can also make your application look more appealing by increasing your down payment and asking for pre-approval.1. Shop Online For Auto Loan FinancingShopping ... more...

Bad Credit? First Time Buyer? You Can Still Get Approved For A Home Mortgage Loan
Do you have bad credit that you worry will stop you from being able to apply for a home mortgage loan? Have you given up on the dream of being a home owner? Well dont. Take comfort in the fact that there are special home mortgage loans that you can apply for, that will make sure your dreams of ... more...

Bad Credit Home Financing Mortgages for Less than Perfect Credit
Homebuyers must pick loan programs based on their credit history. Because of an influx of new home loans creating more financing options, many people are buying or refinancing homes with poor credit. Hence, low credit scores, bankruptcy, self-employment, or loss of job will not prevent some ... more...

Making Sense of Mortgages
Understanding mortgages is no easy task. As a homeowner it is important to do your homework and shop around for the best mortgage. With all the choices available to you for your mortgage you might benefit from using a mortgage broker. A good mortgage broker can evaluate your situation and ... more...

Auto Loan Considerations
If you find yourself shopping around for an auto loan there is much to consider before you ever sign the dotted line.The first thing to consider is if you want to pay a down payment on the vehicle. Many lenders today don't require a down payment but it is still a good idea to pay as much as ... more...

Bad Credit Debt Consolidation Mortgage Loans
Even with bad credit you can consolidate your debts with a mortgage loan. Refinancing your mortgage to cash out your equity will help you get out of debt quicker. By paying less on interest charges, you can focus on paying off your principal.Shopping Smart With Bad CreditBad credit doesnt mean you ... more...

Boom or Bust
For those looking to invest in the real estate marketkeep your eyes on the headlines. According to the Federal Deposit Insurance Corp. (FDIC), the number of areas across the U.S. with real estate booms shot to 55, increasing by nearly two-thirds last year. The FDIC warns, these booms may be ... more...

Car Loans For People With Bad Credit - Points To Consider
Car loans are a real possibility for people with bad credit and often a huge step in rebuilding ones credit score. Before you apply for vehicle financing, check your credit report and shop with several lenders. Also, remember that you can refinance for better rates once your credit score has ... more...

Poor Credit Home Mortgage Loans
Poor credit doesnt have to put you at a disadvantage in the home buying process. By getting a pre-approved mortgage, you can find low rates and increase your negotiating power when you buy a home.Before You Shop For A HomeBefore you begin home shopping, take a look at your budget. Develop a plan ... more...

Return to previous page   More articles on subprime
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009