Posts Tagged loan
What to do with a Problem Loan
Posted by Editor in Mortgages and Real Estate on January 18, 2010
The reports paint a dark picture. According to the Mortgage Bankers Association more than 2.1 million Americans missed at least one payment on their home loan at the end of last year, taking the rate of new foreclosures to a record high.
It’s even worse for borrowers with scuffed credit and adjustable-rate mortgages. More than 14 [...]
Refinancing Your House in Today’s Market
Posted by Editor in Mortgages and Real Estate on January 18, 2010
The days of 100 percent financing with no down payment are gone thanks to a record number of foreclosures and collapse of the sub-prime mortgage industry. Now if you are looking to refinance your house you will find the standards a lot tougher unless you have a FICO score roughly above 620 and a stable [...]
Fix Your Credit
Posted by Editor in Money Management on January 18, 2010
Ever noticed how the moments seemed to stretch on whenever waiting for a credit approval, especially when you have less than perfect credit? Ruth DaMarcus knows that feeling. After her divorce, her credit rating plummeted, and applying anywhere for credit became an embarrassing situation.
“I never knew when I was going to get approved or rejected,” [...]