A sub-prime mortgage is a mortgage that is extended to people who are not qualified to get the normal mortgage. Most of these mortgages are offered by the same companies that offer the mainstream mortgage but in a different lending institution. The rates for sub-prime mortgages are higher than the rates for prime mortgages thus; [...]
Posts Tagged ‘Credit Rating’
Understanding Sub Prime Mortgages
Posted by admin on December 24th, 2009
Posted in Articles 
Tags: Additional Advantage, Assumption, Credit Rating, Credit Score, Credit Scores, Enough Money, Interest Rates, Lending Institution, Mainstream, Mortgage Lender, Mortgage Rates, Mortgage Terms, Mortgages, Payment Period, People, Prime, Repayment Period, Risk, Sub Prime Mortgage, Sub Prime Mortgages, Types Of Mortgages, Understanding 
No Comments »How to Choose between Different Types of Mortgages
Posted by admin on December 23rd, 2009
With so many different types of mortgage available, it’s difficult to determine the right one for you. Before you start looking at available mortgages, however, it’s important to first evaluate your finances, as your financial situation is an important factor that will dictate the type of loan you need, and how much you can afford [...]
Posted in Articles Tags: Amount Of Money, Best Mortgage, Between, Choose, Credit Rating, Debt Level, Different, Financial Situation, Fixed Rate Mortgage, High Interest Rate, lenders, Many Different Types, Mortgage Options, Mortgages, Perceived Risk, Score, Sub Prime Mortgage, Suits, Types, Types Of Mortgages, Year Mortgage No Comments »Shopping For Bad Credit Mortgage Brokers
Posted by admin on September 9th, 2009
You like to shop. You know you do. It’s nothing to be ashamed of. You like to get out there bedecked in your fashionable hot pants and flip flops, scout the malls and markets, and find the best deals there are. Shopping takes a great deal of time and effort but you’re perfectly happy to [...]
Posted in Articles Tags: Bad Credit Mortgage, Bedecked, Best Interest, Best Mortgage, Boring Work, Borrowers, Commission Basis, Credit Rating, Good Deals, Hot Pants, Legwork, Living Hell, Matchmaking, Middlemen, Money Lenders, Mortgage Broker, Mortgage Brokers, Mortgage Deals, Mortgage Lender, Right Mortgage No Comments »Why Now is When You Need a Mortgage Broker
Posted by admin on September 4th, 2009
Many people have been hit as a result of the credit crunch (the reluctance of banks to lend because of their own problems in getting hold of funds).Among those who have been hit hardest are those with poor credit; those with variable incomes, such as the self-employed; and those with existing mortgages who borrowed more [...]
Posted in Articles Tags: Adverse Credit, Arrears, Bad Credit Mortgages, Borrowers, Credit Crunch, Credit Rating, Current Mortgage, Current Situation, Good Times, Incomes, lenders, Mortgage Rates, Mortgage Transaction, New Mortgage, Poor Credit, Poor Risk, Reluctance, Remortgage, Remortgaging, Sub Prime Mortgages No Comments »