Archive for October, 2009

What happens when your mortgage is considered sub-prime?

Saturday, October 17th, 2009

marbogvht asked: My girlfriend got a loan last year, that was 2 year interest only, for 98,000. She has a little under a year left until she can refinance. What should she expect when the 2 years are up if her credit stays the same, or improves slightly?Scented Gel Candles

Six Key Aspects of a Home Equity Loan

Monday, October 12th, 2009

Alan Lim asked: Ever feel lost when people talk about subjects like a home equity loan? It certainly does sound something like what you would hear on a business news show. But for every homeowner or someone considering property purchase, home equity is an important concept to grasp. It really ...

Can I use a home equity line of credit to purchase another home?

Sunday, October 11th, 2009

lamontnow asked: I want to open a home equity line of credit. I have 100% equity in my house and an excellent credit rating. I am planning on moving, but would like to buy another house first, and then sell my current house (which would sell for a higher price ...

Did anyone force these moron borrowers of sub prime teaser mortgages to sign with a gun to their heads?

Saturday, October 10th, 2009

Mustafa asked: Con men only look for those types that think they are getting something for nothing. These imbeciles are the guilty ones. What happened to personal responsibility?Learn The Basics Of Painting

Sub Prime Loan Modification

Friday, October 9th, 2009

Loan Modification Attorney asked: Sub-prime lending is a type of credit given to homeowners who do not meet the criteria for regular (“prime”) loans. A typical sub-prime borrower has a poor or limited credit history and a FICO score of less than 620. These factors make them a risky investment ...

What do economist mean by the sub-prime market?

Thursday, October 8th, 2009

cap3382 asked: I hear this term a lot and would like to know what it means exactly.Kitchen Decor Themes

My parents are taking out a home equity loan to lend me money to start a business, does anyone get taxed?

Thursday, October 8th, 2009

Felt B. asked: I'm looking to open a shop and my parents offered to lend me some money to help out. They are taking out a home equity loan to lend me about $35,000 to $55,000. I agreed to pay them back. Because they are taking out ...

Colorado Home Equity Loans

Wednesday, October 7th, 2009

Renold asked: Hi all,I want to share some information with you regarding the benifits of colorado home equity loans.Home equity loans are considered secured loans. A Colorado home equity loan will both allow you to access your home's equity as a owner. A Home Equity Loan has become an increasingly ...

Careers related to the sub-prime market blowup?

Tuesday, October 6th, 2009

Michael G asked: I am a financial professional with my experience in equities as a hedge fund research analyst. I left that career for personal reasons and am now attempting to get back into the work force. What types of careers are available that benefit from the ...

Are there other countries other than in the US that gave out sub prime loans?

Monday, October 5th, 2009

Neil asked: Are there other countries other than in the US that gave out sub prime loans? I mean is it legal in other countries to lend money that is not yours to someone who does not have collateral (like 0 down) and you know has a terrible credit history?Wood Pellet ...