Even though the housing market has "softened" in recent months, there are still a lot of good reasons to get a new home loan at the current 30 year mortgage rates. You can get a low fixed rate, affordable monthly payments, and cash from your...
When a borrower misses a credit card payment, defaults on loan payments, or doesn't pay his bills on time, this shows up as a blemish on his credit report. Credit rating agencies keep a close eye on these things, and when they happen, they label...
There are two kinds of personal loans: ones that are secured and ones that aren't. Secured loans are loans that are backed by something the borrower owns, like a house or a car. On the other hand, there is no need for collateral with unsecured...
Options for home loans for people with bad credit
If you haven't tried to get a mortgage, say, since the 1990s, you may be surprised to find that lending standards have changed a lot. Before, if you didn't have perfect credit, it was...
No matter what your credit history is like, chances are you will need bad credit loans at some point in your life. If your credit history isn't very good and you think that you won't be able to get bad credit loans because of this, don't be sad....
When you say "home equity loan," the best word to use is "equity." Start with the home's fair market value, then take off the first and second mortgages and any other liens on the property. What's left is the equity. This equity can be used as...
Also, there are a lot of online lenders who offer loans to people with bad credit. If you're having money problems, you'll find that online lenders have more flexible programmes and are used to working with people who have bad credit, no credit,...
Bad credit home loans are a special kind of loan that depends on your past credit score and credit history. Credit history is important for both the borrower and the lender because it shows all of your financial transactions, how much you paid...
Bad credit home loans work just like regular home loans, except that they let people with bad credit buy a new home. In the last few years, the number of people looking for home loans with bad credit has gone up by a lot. This kind of loan is...
If interest rates have gone down by at least one percentage point since you got your first mortgage, you could save a lot of money by refinancing. And if you have enough equity that your new mortgage is for less than 80% of your home's value, you...