Archive for November, 2009

Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans?

Friday, November 20th, 2009

mission_viejo_california asked: Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? I believe you are responsible for your own choices and you should pay the price for your decisions Last Friday the U.S. Federal Reserve cut the rate at which ...

Release Your Home Equity and Relax

Tuesday, November 17th, 2009

Melissa Kellett asked: If you are in desperately need of cash and you can not get approved for unsecured loans due to your bad credit history, you needn’t get depressed or despair. Home equity loans can provide you with all the financing you need at very reasonable rates and with ...

Sub-prime Lending to Grow Faster

Monday, November 16th, 2009

Angelo Drew asked: There are many Brits who are taking out loans and eventually failing to repay the whole or part of it. This adversely affects their credit rating. The number of people with bad credit history is increasing by the day. There is a separate market for these people ...

Home Equity Loan – Understanding the Basics and Advantages

Monday, November 16th, 2009

Alan Lim asked: You may have heard the term home equity loan but are not really sure whether this type of loan will work for you. The first step is to understand the concept of home equity. Equity is the difference between the current appraised value of your home and ...

What is all this talk about sub prime loans?

Sunday, November 15th, 2009

SimpleMan asked: How many here are close to losing their home because of sub prime loans?Graco Paint Sprayer

Home Equity Basics

Sunday, November 15th, 2009

justin narin asked: What is Home Equity? Purchasing a home is a huge life event. It's an investment that, over time, could yield a significant increase in value. As the years progress, the value of your home could increase. If and when the time comes to sell, hopefully you'll find that ...

Shouldn’t the borrowers of lame sub prime teaser mtges have to “pay the Piper”?

Saturday, November 14th, 2009

hillarysclam asked: I am tired of hearing about "predatory" lenders. The borrowers of these "made for moron sub prime mortgages" were guilty of greed and stupidity. No one forced them to sign and enter into mtges they could not afford. As Marie Antoinette once said..."let them eat cake".Interactive ...

Sub Prime Mortgage Cheat Sheet

Wednesday, November 11th, 2009

Mark Hostetler asked: It's a challenge trying to keep track of the events of the current sub prime mortgage crisis. Compare it to an over laden cart gathering momentum on a steep and rocky slope - now it's built up so much speed, it's passing by as a blur.When looking ...

How To Use Your Home Equity Wisely

Wednesday, November 11th, 2009

Chris Navi asked: Americans saw the value of their homes jump an average of 13 percent over the past year, according to the Office of Federal Housing Enterprise Oversight. This has made it easier than ever for many homeowners to qualify for a home equity loan or line of credit.With ...

Why is Obama considering the Mother of failed sub-prime lenders for Secretary of Commerce position?

Monday, November 9th, 2009

Obama, the ineligible elect! asked: Penny Pritzker, the Mother of subprime lenders, former owner of the seized Superior Bank is on Barack Obama’s short list for Secretary of Commerce. I am sure all those customers she screwed are thrilled. She was a failed subprime lender who set the tone all the ...