Bad Credit Mortgage Loans - Are You Killing Your Chances Of Getting Approved?
by Carrie Reeder |
When you have poor credit, your list of lenders that will approve you for a home loan can shrink down very small. You want to make sure that you are doing everything in your power to keep your credit rating as high as you can.
Many peop .. |
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Borrowers Still Turn to Exotic Mortgages Despite Warnings
by Martin Lukac |
Exotic loan products remain a popular borrowing option, despite the increased risks and warnings. Exotic mortgages are the non-traditional mortgages that allow borrowers to put down little to nothing and make low monthly payments. An interes .. |
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Ninth Increase in Mortgage Rates in Ten Weeks
by Martin Lukac |
Mortgage rates rose again this week, partly because of worries over potential Federal Reserve increases. Freddie Mac reported in its weekly report that rates on 30-year, fixed-rate mortgages averaged 6.67%. The rate marked the highest rate s .. |
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Home Equity Loans: A Way of Exploring Equity in Your Home
by Ruth Stanhop |
Your house serves as collateral with home equity loans. Just owning your home doesn’t mean that you can get a home equity loan. The equity is equal to the value of your home minus the amount you still owe on it. So, if market price of the home has .. |
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Use the Potential of Your Home by Taking a Home Owner Personal Loan
by Ruth Stanhop |
One of the multifaceted benefits of being a homeowner is that you can take a loan to fulfill your needs by offering your home as collateral. Looking at the usefulness of a house in taking a loan, lenders have initiated home owner personal loan exc .. |
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Why Adverse Commercial Mortgage is So Popular
by Carol Grace |
If you need to buy a commercial property and you have adverse credit, you have to take an adverse commercial mortgage. Commercial mortgage implies drawing out a loan amount to purchase a property for commercial use. The property may be only a piec .. |
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Bad Credit Mortgage Loan: An Outcome of Changed Mortgage Scenario
by Carol Grace |
The necessity of taking a bad credit mortgage loan occurs when you want to take a mortgage loan but your credit score does not speak in favour of you. A bad credit record makes you vulnerable as a borrower. So some lenders may not entertain your m .. |
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Mortgage Loan: Negative Amortization Mortgages
by Louie Latour |
Negative amortization mortgages are loans where the monthly payment is not enough to cover all of the interest due for that month. The unpaid interest is added to the mortgage principle balance; this means your mortgage loan is actually growing w .. |
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