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Subprime loans
Have less than perfect credit? If you have bad credit, you may not qualify for a conventional loan or low down payment loans offered by FHA and VA. In this case, you may consider a subprime mortgage. Because of the higher risk associated with lending to borrowers that have a poor credit history, subprime loans typically require a larger down payment and a higher interest rate.If you have bad credit, you may not qualify for a conventional loan or low dow... : Subprime loansVA loans
If you are a veteran or qualify by military service you may be eligible for a VA home.VA Loan Questions and AnswersQuestion: Can I get a VA loan if I have had a bankruptcy in the last few years?Answer: VA credit standards state that a veteran with a bankruptcy less than 3 years ago would generally not be co... : VA loansVeterans Administration Loans (VA)
VA loans are restricted to qualifying U.S. veterans for the purchase of a home with no down payment and lowered closing costs. ... : Veterans Administration Loans (VA)Jumbo loans explained
In some markets, a house in the $300,000 range is little more than a starter home. So why is it that a home loan in the mid $300’s is considered a Jumbo Loan? Good question. While the rest of us may see the term “jumbo” as relative, Fannie Mae and Freddie Mac, two government sponsored mortgage entities, have definite op... : Jumbo loans explainedLoans
Loans - A smart person will avoid loans if at all possible. Even though loans are a way of life in American society, the interest you pay in loans can eat you alive if you are not careful. Credit card debt is burying us, because the interest in these loans can be so high that unless you pay significantly more than the minimum amount that is due with every payment, you will never pay off the... : LoansFor more information about subprime loans: credit insurance news and links
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