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Mortgage Professor about subprime loans: 
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 loans related definitions

Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... 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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Get Free subprime loans 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...

Debt Elimination Program - Comparing Debt Programs
Debt elimination programs help to reduce your debt and improve your financial situation. But not all programs offer the same benefits or risks. Depending on your situation, some programs will be better than others.Debt Management Plans Programs To Handle AccountsDebt management plans (DMP) handle ... more...

Seven Questions About Auto Loans Answered
Q. What advantage is there to applying for a direct auto loan online?A. The biggest advantage of applying through an online lender is that the online auto loan application and loan processing usually gives you the opportunity to get the best rate, and allows you to do it in the privacy of your own ... 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...

Refinance Mortgage Lenders Tips for Refinancing Online
Save even more on your refinancing by going online for your next mortgage lender. By searching for refinancing quotes online, you can tap into a larger pool of lenders.Online financing companies also offer special deals to remain competitive, so you could potentially save thousands with a ... more...

Best Home Mortgage Loan What To Look For In A Mortgage
With a credit score of 680 or higher, you have a plethora of home loan options. Basically, you can choose your terms, but you want to make sure you find the best financing package. That means looking at financing costs, terms, and lenders.Financing CostsThe most competitive mortgage market is ... more...

Best Home Mortgage Loan - What To Look For In A Mortgage
With a credit score of 680 or higher, you have a plethora of home loan options. Basically, you can choose your terms, but you want to make sure you find the best financing package. That means looking at financing costs, terms, and lenders.Financing CostsThe most competitive mortgage market is ... more...

Second Mortgage a Good First Step
A second mortgage can be the first step to climbing out of debt, especially for homeowners who have bad credit. A second mortgage is a loan taken out in second position on a property that already has a mortgage. There are fixed-rate loans, adjustable-rate loans and home equity lines of credit (also ... more...

New York Refinance - Refinancing in New York
If you are looking to refinance in New York, it helps to get the facts before you begin the refinancing process. If you have an existing high interest mortgage, refinancing now could be the best choice for you. You can choose to refinance with cash out to make home improvements or to consolidate ... more...

Adverse Credit Mortgages - Home Loans For People With Poor Credit
Mortgage lenders offer many financing options for people with adverse credit. For those who dont qualify for an A loan, you can use a B, C, or D loan to finance the purchase of your home.These home loans offer short-term financing until your credit score improves and you can qualify for an A loan ... more...

Help With Debt Problems
Many reputable debt management companies can help you deal with your debt problems. You can work with a credit counselor to create your own plan to pay off bills. Companies can also help you reduce your debt through debt management plans, consolidation loans, or debt negotiations. While each ... more...

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